Summers Received Big Fees from TARP Recipients

By GottaLaff

In case you hadn't heard:

President Obama's chief economic adviser, Larry Summers, "received hundreds of thousands of dollars in speaking fees last year from firms that have direct financial interests before the government or are intimately involved in the White House's bank relief programs," according to Huffington Post.

Among the biggest speaking fees: $67,500 from J.P. Morgan Chase, $45,000 from Citigroup, and $202,500 from Goldman Sachs.

"The speech payments will undoubtedly raise questions as to the impartiality of the economic advice Summers is providing to the president. Already viewed as too favorably disposed to Wall Street interests, the lavish payments for speeches will provide further fodder for those who think the administration has been forgiving in their approach to the banking industry."

Sunday talkers will have a field day.