Gold reserve mysteries

Why is it that every financial scandal, bubble bursting, allegations of fraud or manipulation, always have Lawrence Summers' name attached to it?  After all, he's supposed to be the genius PhD economist from Harvard.  Yet, here is curriculum vitae:

1) Summers was part of the triumvirate of Robert Robin and Alan Greenspan who convinced President Clinton to deregulate the financial services industry--against the advice of Brooksley Born who was concerned about the over-leveraging of global financial markets.  Clinton admitted it was one of the biggest mistakes of his Presidency--that, and the repeal of the Glass-Steagall Act under his Administration.  Lo and behold, global financial and credit markets did collapse in 2008 from banking over-leverage and plummeting collateral values.

2) Summers dismissed pleas from the Winklevoss twins in their case against Mark Zuckerberg's alleged theft of the Facebook  business model.  He arrogantly and admittedly viewed the matter as insignificant.

3) Harvard's endowment fund, the largest among universities, plummeted under his watch.

4) He has repeatedly confirmed the creditworthiness of the US Treasury, despite its credit ratings downgrades and unsustainable debts and deficits.

5) He has repeatedly defended the USDollar's store of value, despite its sinking value relative to other foreign exchange currencies, and especially relative to gold.

6) As US Treasury Secretary, and head of the Exchange Stabilization Fund, he oversaw the surreptitious sales, swaps, and leasing out of the Treasury's gold reserves at rock-bottom pricing.

In summary, he
1) missed the biggest financial bubble in 80 years,
2) missed the significance of Facebook in our every day lives,
3) had Harvard's endowment long on equities, when they should have been hedged,
4) he continues to deny the deterioration of US Treasury finances,
5) he continues to deny the USDollars' plummeting purchasing power,
6) he sold at clearance prices the US Treasury's gold reserves.

Aside from his arrogance, exactly how does Summers continue to hoodwink financial experts, the media, government bureaucrats, and academia into believing his genius?  He's about as wrong-headed as a dyslexic fortune-teller.

http://www.goldmoney.com/gold-research/alasdair-macleod/gold-reserve-mysteries.html?gmrefcode=gata