Snoozy Larry Summers Crashes World Markets

Larry Summers, one of Barack Obama's chief money trolls, made a splash at yesterday's "fiscal responsibility summit" byfalling asleep, publicly, in front of everyone.Maybe he was drunk? Or tired, from pulling so many all-nighters in light of the recent and complete collapse of the world economy? Or: the thermostat was too high, which is always a killer in crowded conference rooms. At any rate, we'll know who to blame when the Dow plunges another 700 points and the US Treasury goes bankrupt. [ Financial Times ]