So, President Barack Obama’s economic czar, Larry Summers, spewed his pearls of wisdom, like a cheap version of ZZ Top’s Pearl Necklace, at $5,000 a pop, to conference attendees specifically invited by the Wall Street Journal.
At the White House.
Closed to the press.
Since this was surely about Treasury Secretary Tim Geithner’s TALF plan, if this had happened within a corporate boardroom, it would be called insider trading.
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