Where Did They Come From?

Bloomberg News reported that Harvard University has incurred  $500 million in losses in the derivatives market. Many of these derivatives were acquired in 2004 when Lawrence Summers was the President of Harvard.  Lawrence Summers is now the Chief Economic Advisor to President Obama.  In fact, almost all of Obama’s  economic crowd comes from Harvard.  That should ease any economic fears you may have.  After all, they will only have a $1.42 Trillion deficit in their first year.  With Obamacare, Cap and Tax and the revocation of Bush’s  tax cuts on the horizon, we better look for a third job.