[nemo]

Sachs resigned when the Harvard Institute for International Development he was running was roiled in the scandal of his direct reports buying Russian stocks and working to get the first mutual fund license in Russia while they were dictating economic policy. They were recommending policies that they were directly profiting from. They lost their funding, were in a massive scandal, then Sachs resigned. His article is a sad heap of dishonest excuses and fails to take responsibility for his own involvement in the corruption he happily blames others for.

The corruption in HIIS was also a factor in the dismissal of Summers, since he set up the project.