Back in the United States, White House economic adviser Larry Summers was greeted with a hostile protest during a speaking appearance on Thursday. Earlier this week, the White House disclosed Summers received nearly $2.7 million in speaking fees last year from several of the financial companies that have received government bailouts. In addition, Summers earned over $5 million working one day a week at the D.E. Shaw hedge fund. As Summers addressed an audience at the Economic Club, two protesters stormed the stage with a sign saying “We want our money back.”
Larry Summers: “You know it’s hard enough to focus on the policy — focus on the policy choices that we have now without focusing —- without focusing on -—”
Protester #1: “Larry Summers is part of the problem. He’s a toxic mess.”
Protester #2: “And I’m out of work.”
Protester #1: “$135,000 from government bailed-out companies for one day? Your former companies paid you for that? We the people say no!”
Protester #2: “$5.2 million. $5.2 million this man made working one day a week in 2008 working for a hedge fund. We want our money back.”
Protester #1: “You’re part of the problem. You’re part of the problem.”
Protester #2: “Can we have our money back? Can we have our money back, please? Can I have some TARP to go with my stimulus?”
Protester #1: “I need a bailout for the peacekeepers. That’s right, Larry. You should resign. I am the people’s voice, sir. You should resign. Obama deserves a leader.”