Archive for the 'Hedge Funds' Category

Larry Summers joins DE Shaw as MD

October 21, 2006

Washington Post reports that Larry Summers is joining hedge fund DE Shaw as a managing director.

Speculation on whether Russia used academic kompromat to pressure low interest rate loans in the 1990’s from Fischer and Summers was posted at Washington Post.

The following is speculation. Larry Summers and Stanley Fischer arranged billions in low interest rate loans for Russia in the 1990’s. Boris Berezovsky was the main oligarch for Russia. He had a Ph. D. in math from Moscow State University and was a manager at the Institute of Control Sciences.

There were incidents at UChicago in 1952 and MIT in 1969. The latter involving Fischer and Samuelson the uncle of Summers. There was a conference in Warsaw in 1972, where Makarov of USSR may have put pressure on US profs, some still alive, for Arrow and Samuelson, uncles of Summers to nominate Kantorovich for the Nobel Prize in economics in 1975. This was part of a larger history by Russia to use such methods starting in 1925.

Russia may have used this again in the 1990’s to pressure loans from Summers and Fischer from IMF and then use those for loans for shares. LTCM may have realized this and traded Russian government bonds. The USAO Mass investigated Harvard starting in 1997. All of the above may have been concealed from it.

Jacob Wolfowitz, Paul’s father knew of incidents up to 1981. Paul may have used this to get the Iraq Liberation Act in 1998 during the USAO Mass investigation, and hearings on LTCM bailout and loans to Russia.

Yoo or others may have passed this to Silberman to Scalia during Bush v. Gore and used it against Gore. Above is speculation.

See following for more information.

Russia Used Plagiarism Files to Gain atomic know-how.

The above has a detailed analysis of texts in physics in quantum mechanics on whether Dirac and Fowler plagiarized Max Born and Pascual Jordan and then whether Kapitza knew it and Russia used that to help pressure Niels Bohr in 1944 to advocate to turn over atomic know how to Russia. In a meeting with Churchill after Bohr got a letter from Kapitza at the Soviet embassy in London, Churchill got very angry. Lindemann, Churchill’s scientific adviser likely told him the details. Kapitza had published an obit of Rutherford in 1937 coyly implying that there had been plagiarism at Cavendish Lab. Fowler was Rutherford’s son in law and was involved.

Russia’s Plagiarism Files: Summaries and links

The Washington Post: A Wikipedia Of Secrets

This starts with the 1925 incident and reviews quickly the possible use for atomic know how spying by Russia and also China. It covers in detail, including internet searches the 1969 MIT incidents where Summers’ uncle, Paul Samuelson duplicated in part the work of a 1966 UCLA thesis received at MIT in 1966 by Prof Karl Shell who chaired a session at which it was presented by its author Nils Hakansson. Hakansson also presented his paper at Harvard in early 1969. Hakansson was on faculty with Yale from 1967 with Stiglitz who edited the first two volume of Samuelson’s papers.

A paper extending this to uncertain lives was submitted by Hakansson from Yale to a journal and published in 1969. A similar chapter appeared in Stanley Fischer’s thesis in 1969 without citation. Fischer later cited the Hakansson paper in a 1972 publication. This article then continues to discuss briefly India and Pakistan’s potential knowledge of this entire history starting with Bhabha at Cambridge England in 1927.

The PM of India gave a speech at Moscow State University in 2005 name dropping many of those involved in the physics and econ cases, including Kapitza and Kantorovich.

More on loans to Russia, US v. Harvard, etc.

David Warsh at EconomicPrincipals.com has extensive materials on the Harvard case but not these other issues of plagiarism, etc.

A recent summary is

The Light Gray Curse

Note that Warsh suggests the possibility of kompromat but doesn’t discuss what it might be. Warsh also doesn’t depart from, although he doesn’t uphold either, the standard story of the 1990’s that professors from Harvard, MIT, and University of Chicago took over and ran Russia and that Russian intelligence accepted that meekly. I.e. at the same time as they were running Aldrich Ames (tried 1994) and Robert P. Hanssen (arrested 2001) and finding moles in Russian intelligence, they also accepted with meekness that these profs would control and run Russia is the standard history.

The standard history, i.e. from Harvard and the government, is that Russian intelligence, which used profs like Klaus Fuchs and Bruno Pontecorvo to get the secret of the atom bomb, had no files on academia in the US, including unouted communists or spies, and simply accepted meekly that Harvard profs would run Russia. Warsh doesn’t say he acceps such a fairy tail, but he doesn’t go beyond suggesting the possibility of kompromat either.

Note that in 1994, Sudoplatov published a book accusing J. Robert Oppenheimer, Enrico Fermi and Szilard of being quasi agents by going along with Russian intelligence activities. The US profs in physics reacted with fury and were on PBS’s The News Hour to denounce this book. Sudoplatov was retired in Moscow. He had been a top Soviet spy in WWII. He was responsible for the execution of Leon Trotsky in Mexico.

Yet according to Harvard econ dept, etc. Russian intelligence meekly accepted Harvard econ profs like Shleifer, Summers and Fischer taking over and running Russia. According to Harvard econ dept, Russian intelligence despite its great successes simply accepted that Harvard econ dept would run Russia from the HIID grant and from IMF (Stanley Fischer) and US Treasury (Larry Summers). Harvard econ in effect said to the USAO Mass that Russian intelligence never made any attempt to use any files it might have to influence Summers, Fischer and Shleifer but just let them take over Russia without doing anything to stop it. According to Harvard econ, Russian intelligence meekly accepted that Shleifer, Summers and Fischer would run Russia while at the same time it was running as spies Aldrich Ames, a high level agent in US CIA’s counter-intelligence and Robert P. Hanssen a high level US operative in counter-intelligence, both against Russia.

2 Former Treasury Chiefs Add Clout to Hedge Funds”
By Lori Montgomery
Washington Post Staff Writer
Saturday, October 21, 2006; Page D01

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