Larry Summers Supposedly Too Rough Around The Edges To Be Named Fed Chairman

Who should replace Ben S. Bernanke as Chairman of the Federal Reserve when his term ends in January 2014? If anyone cared to ask us, we’d say no one: we like our Fed Chairman soft-spoken, bearded, and just as comfortable in dad jeans as they are in their bespoke Jos. A. Bank suits. But nobody asked and, according to Andrew Ross Sorkin, Bernanke has told “close friends” that regardless of whether or not Obama wins a second term, he’s ready to move on. Apparently qualified successors are few and far between and while Larry Summers is said to be “at the top of the list,” the fact that Treasury Secretary Tim Geithner may finally be granted freedom from his own personal Guantanamo Bay and will also necessitate a replacement who will have to work closely with the new Fed Chair poses some staffing issues, on account of the perception that Summers is somewhat difficult to work with.

…[Summers is] a serious economist who knows his numbers and has a worldview that is similar to the president’s. He would be expected to continue the loose money policy of Mr. Bernanke. But one of the knocks against Mr. Summers is that he has a reputation for not playing well with others. He has had his own run-ins with the president. And if you consider the Treasury secretary and Federal Reserve chairman as a tag team, you would have to be confident that whomever you pick for Treasury secretary would get along well with Mr. Summers.

So he called some former students assholes. So he’ll cut a bitch for getting between him and his steady stream of Diet Coke. So he chooses to sleep through co-workers’ particularly boring presentations. So he makes female colleagues feel like “pieces of meat.” So he shoots people unequivocal death stares that say, “I could have you killed and no one would find out” for the mere suggestion he might want to consider wearing socks. Is all that to say he’s not an otherwise affable guy who’d make a fine workmate and prized addition to the office softball team? Surely there must be someone out there dying to work in tandem with Big Lar to protect the US economy and occasionally give him a lift when he runs into a car trouble, only to be asked, “What took you so fucking long?” upon arrival.

Casting Dual Roles At Treasury And The Fed [Dealbook]

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33 Responses to “Larry Summers Supposedly Too Rough Around The Edges To Be Named Fed Chairman”

  1. Dr_Rosenrose says:

    Poor, misunderstood Larry. He wasn't saying men are smarter than women. He was simply stating that the smartest people in the world are all men, and that women's brains are a third the size of men's, and finally, that "it's science".

  2. Hobbes says:

    Not hiring a qualified economist for a technical position because his comments aren't politically correct is the NKI.

  3. guest says:

    "Draw me like one of your French girls"

  4. TobiasFunkeCFA says:

    Sort of looks like an unhappy John Goodman in that photo

  5. guest says:

    Bitches ain't shit but hoes and tricks.

    – L. Summers

  6. VonSloneker says:

    He IS rough around the edges…and I am in some position to make that call.

    – T. Winklevoss

  7. Sean says:

    How many sets of WASP twins does Larry need to stomp on for the president to know he means business?

  8. Guest says:

    Now is the Summers of our discontent.

    -Chaz Steinbeckerino

  9. Guest says:

    I nominate Barney Frank for the Fed job and Vikram Pandit for Treasury Secretary.

    -Affirmative Action Committee

  10. Bejujular says:

    I wonder how many rounds Larry "Boxcar" Summers would need to KO Greg "Your Maccabiah Hero" Smith?

  11. Guest says:

    Larry Summers once kicked a puppy because he thought it was Jewish.

  12. Guest says:

    How about a little diversity in the hiring of the Fed Chairman. Many of us in other positions have had to sacrifice appointments in the name of diversity. Where is that binder full of ginger bankers ?

  13. Punchline Jokester says:

    "His brother is worse."

  14. iGuest says:

    Summers: And you're here because?
    Obama: Oh, I'm sorry sir, I thought you had read my memo.
    Summers: I read it.
    Obama: Well, I came up with an idea to restart the economy, create jobs here in America, establish affordable healthcare, spread the wealth and end with Wall St abuse, but this guy Lloyd is not helping at all.
    Summers: Anne?
    Anne: Yes, sir?
    Summers: Punch me in the face.

  15. L. Summers says:

    Stick your fucking job up your fucking ass

  16. diannjenk says:

    well I love diet coke :)

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