February 22, 2009

THE COUNTRY’S IN THE VERY BEST OF HANDS: “Larry Summers is being blamed for encouraging Harvard to make a bad bet in the financial markets. . . . The interest-rate swaps Summers reportedly urged Harvard to get into have contributed to a cash crunch which has forced the university to cut spending, freeze hiring, and float new bonds to borrow money.”

UPDATE: Stacy McCain marvels at the breadth of my knowledge.

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