General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSenate Dems to Obama: NO LARRY SUMMERS at Fed
http://online.wsj.com/article/SB10001424127887324564704578628354053170998.htmlSigners include DiFi, Durbin, Angus King.
Tom Harkin quote:
Pelosi subtly piled on (House irrelevant to confirmation anyways):
In another boost for Ms. Yellen, House Democratic Leader Nancy Pelosi (D., Calif.) said in an interview with Bloomberg television, due to air this weekend, that while both Mr. Summers and Ms. Yellen were well qualified, "it would be great to have a woman'' nominated to the post. If nominated and confirmed, Ms. Yellen would be the first female Fed chief.
BeyondGeography
(39,377 posts)Summers has even given Obama the treatment with his "Home Alone" comment. Why does this matter? The next Fed chief is bound to face a major crisis and temperament is important. Whatever one feels about Bernanke, he was not a game player; you were getting his best intellectual judgment, not a personal agenda.
geek tragedy
(68,868 posts)positive statements about Helicopter Ben are enough for me.
Yellen would seem to be but from the same mold.
And, yeah, who would have figured that a career-long pattern of being an arrogant asshole would catch up to Summers?
cthulu2016
(10,960 posts)Dawson Leery
(19,348 posts)NV Whino
(20,886 posts)AllINeedIsCoffee
(772 posts)Of course there are some that feel as if no one in the financial or banking field should be chosen...
But an art curator or nutritionist would be a disaster. Just a hunch.
Hydra
(14,459 posts)There are plenty of people who don't work for Goldman Sachs or the usual suspects who could run the Fed competently and not have a conflict of interest. That might be too much to ask, though. Grand Canyon deep levels of corruption seem to be in vogue lately.
Safetykitten
(5,162 posts)DirkGently
(12,151 posts)Guy embodies all the ideas that caused it, and still doesn't think he was wrong.
dixiegrrrrl
(60,010 posts)Did I miss the announcement?
Or is this obvious public discussion of choosing replacment supposed to be a gentle hint to the Bernake?
BumRushDaShow
(129,362 posts)dixiegrrrrl
(60,010 posts)didja notice how quietly Geithner slinked away from his Treasury Post?
Not many people are getting the *rats.....sinking ship* picture.
bigwillq
(72,790 posts)We shall see what happens. I hope Obama doesn't.
Fumesucker
(45,851 posts)All the lefties will be so glad it's not Summers that Yellen will get minimal flak from the Firebaggers.
Eleven dimensional chess indeed.
Demeter
(85,373 posts)and yet, I'll be you 5 grand that Obama nominates the bastard, the Senate rejects Summers, and nobody takes charge at the Fed for 2 years....
rhett o rick
(55,981 posts)geek tragedy
(68,868 posts)Last edited Thu Jul 25, 2013, 09:51 PM - Edit history (1)
http://www.democraticunderground.com/?com=view_post&forum=1002&pid=3190546yurbud
(39,405 posts)Aerows
(39,961 posts)Summers is a disaster waiting to happen in any position of responsibility.
roamer65
(36,747 posts)Both have experience as FRB presidents. Geither from the NYFRB and Yellen from the SFFRB.
Summers would be a disastrous choice.
geek tragedy
(68,868 posts)is kind of scary. Geithner wants out of public life though.
bluestate10
(10,942 posts)around the world among central bankers. She also has been a long term liberal warrior within the FED. Her time to lead that organization has come and she should do an outstanding job.
geek tragedy
(68,868 posts)Peacetrain
(22,878 posts)Much better choice than Larry Summers..
Aerows
(39,961 posts)At least the rock wouldn't make things worse.