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Larry Summers shouldn't be President of the World Bank because he helped defraud both the US government, and Russia

Or maybe that's a qualification for the job, now that I think about it. Go read this excellent post from mathbabe. This seems to sum it all up:

Maybe you’d think that getting sued by the US Government and losing $40 million might lose your job as a Harvard Professor. But you’d be wrong.

Not Summers, but Summers's BFF, one Andrei Shleifer.

Lovely museums, Harvard. Fine library.

And a cesspit of corruption. Never mind Summers lost his job; why was he even in the running? Summers then failed upward to ruin economic policy for The Drone King. Yay!

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