Lawrence Summers' $28 Million Payday, Courtesy of Elizabeth Warren
Senator Elizabeth Warren blocked his nomination and now he's smiling all the way to the bank.
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Senator Elizabeth Warren famously declared "there is nobody in this country who got rich on his own.''
That truism presumably includes President Barack Obama's former economic chief Lawrence Summers, a man who just came into millions of dollars in the Lending Club initial public offering. For that good fortune, he can thank his political nemesis, Warren.