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Wall Street Firms Gave Lawrence Summers Millions in 2008

HeadlineApr 06, 2009

Newly released documents show Lawrence Summers, one of President Obama’s top economic aides, received nearly $2.7 million in speaking fees last year from several of the financial companies that have received government bailouts, including JPMorgan Chase, Citigroup, Goldman Sachs, Lehman Brothers and Merrill Lynch. Goldman Sachs paid Summers $135,000 last April for a single speech. In addition, Summers earned over $5 million working one day a week at the D.E. Shaw hedge fund.

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