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.

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?

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.

Did I miss the announcement?

Or is this obvious public discussion of choosing replacment supposed to be a gentle hint to the Bernake?

didja notice how quietly Geithner slinked away from his Treasury Post?
Not many people are getting the *rats.....sinking ship* picture.

We shall see what happens. I hope Obama doesn't.

All the lefties will be so glad it's not Summers that Yellen will get minimal flak from the Firebaggers.

Eleven dimensional chess indeed.

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....

Last edited Thu Jul 25, 2013, 09:51 PM - Edit history (1)

Summers is a disaster waiting to happen in any position of responsibility.

Both have experience as FRB presidents. Geither from the NYFRB and Yellen from the SFFRB.

Summers would be a disastrous choice.

is kind of scary. Geithner wants out of public life though.

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.

Much better choice than Larry Summers..

At least the rock wouldn't make things worse.