BREAKING: Summers is resigningORIGINAL POST: I have it from two sources at the Crimson, and it is now on the Adams house list, that Summers is resigning. Apparently the Crimson is leaking like a sieve. Either that or they're floating false information. You know what I know, but it looks like it's all over.
UPDATE: I just spoke to someone in the Crimson newroom who told me that they are in the process of writing the story as we speak and will be publishing it later tonight. The person also told me specifically that it was not a Lampoon Hoax. Again, just reporting what I know.
Travis Kavulla wrote this to GOP-Open:
Rumor has it that Larry Summers is resigning.
The Wall Street Journal is supposedly breaking the story tomorrow; The Crimson is looking for confirmation on the story.
From Currier-Wire (via Dems-Talk):
-------- Original Message --------Another possibility?
Subject: [CurrierWire] summers resigns
Date: Mon, 20 Feb 2006 22:59:32 -0500
From: Zak Tanjeloff
Yup. I called up a friend at the Crimson and said it's true. They have some legit sources apparently. From my understanding, the reason he is resigning is because the corporation has begun a dialogue with the faculty, something which it usually never does. It seems that the corporation was beginning to mull Summers future and thus, Larry thought it better to resign now then face another vote of no confidence and a potential reaction from the corporation.
All this is a ploy to make money on in-trade stock. Larry isn't resigning tomorrow, I am sure of that. The stock on in-trade just went up from 72 to 99 dollars a share... and that happened only from the information from a few crimson people and Travis K. This is a classic case of insider trading and someone is going to get busted for it... mark my words, Summers doesn't resign tomorrow and someone makes a lot of money...Of course, for that to be true Kavulla and Tanjeloff's friend and my sources would all have to be lying, which is possible, but would be kind of sad. I would bet that anonymous commenter is just worried about losing a lot of money, hence the watching the price.