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]

33 comments (hidden to protect delicate sensibilities)
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Comments (33)

  1. Posted by Dr_Rosenrose | October 23, 2012 at 1:51 PM

    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. Posted by Hobbes | October 23, 2012 at 1:55 PM

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

  3. Posted by guest | October 23, 2012 at 1:56 PM

    "Draw me like one of your French girls"

  4. Posted by TobiasFunkeCFA | October 23, 2012 at 1:58 PM

    Sort of looks like an unhappy John Goodman in that photo

  5. Posted by Mighty Taco | October 23, 2012 at 1:59 PM

    I'm sorry, but I don't trust anything that bleeds for five days and doesn't die.

    – Mr Garrison

  6. Posted by guest | October 23, 2012 at 2:07 PM

    Bitches ain't shit but hoes and tricks.

    – L. Summers

  7. Posted by VonSloneker | October 23, 2012 at 2:09 PM

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

    – T. Winklevoss

  8. Posted by Sean | October 23, 2012 at 2:09 PM

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

  9. Posted by FTFY | October 23, 2012 at 2:13 PM

    – Not Killing It

  10. Posted by Guest | October 23, 2012 at 2:14 PM

    Now is the Summers of our discontent.

    -Chaz Steinbeckerino

  11. Posted by WTF__k | October 23, 2012 at 2:16 PM

    "…and leave out at least one of the chins."

  12. Posted by Guestido | October 23, 2012 at 2:17 PM

    Shut up

    Sent from my iPhone

  13. Posted by Guest | October 23, 2012 at 2:17 PM

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

    -Affirmative Action Committee

  14. Posted by Bejujular | October 23, 2012 at 2:18 PM

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

  15. Posted by Guest | October 23, 2012 at 2:21 PM

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

  16. Posted by Guest | October 23, 2012 at 2:24 PM

    Asking himself, "Do you see what happens, Larry? Do you see what happens when you fuck a stranger in the ass?"

  17. Posted by Guest | October 23, 2012 at 2:25 PM

    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 ?

  18. Posted by guest | October 23, 2012 at 2:29 PM

    I thought it was because it was bad at math?

  19. Posted by guest | October 23, 2012 at 2:39 PM

    You're an idiot.

  20. Posted by guest | October 23, 2012 at 2:40 PM

    One shot.

  21. Posted by guest | October 23, 2012 at 2:41 PM

    Are you as unfunny/retarded in real life as you appear in the comment section of the internet?

  22. Posted by FFTY | October 23, 2012 at 2:46 PM

    Worst comment in the history of seasons.

  23. Posted by Punchline Jokester | October 23, 2012 at 2:55 PM

    "His brother is worse."

  24. Posted by iGuest | October 23, 2012 at 2:58 PM

    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.

  25. Posted by Monquie | October 23, 2012 at 3:16 PM

    Tried out for the Wall Street Jazz band; lacked Soul

  26. Posted by Mexi_Cant | October 23, 2012 at 3:26 PM

    muchos mentones!!

  27. Posted by PermaGuestII | October 23, 2012 at 3:35 PM

    Winklevoss doesn't sound very Anglo-Saxon to me.

  28. Posted by HAM05 | October 23, 2012 at 4:21 PM

    semantics. always thought it was a penis-shaped waterbottle

  29. Posted by L. Summers | October 23, 2012 at 6:32 PM

    Stick your fucking job up your fucking ass

  30. Posted by Xenomorph | October 23, 2012 at 6:43 PM

    Oooh la la

    – Bawney Fwank

  31. Posted by Feltherfish | October 24, 2012 at 12:20 AM

    You must know levin socially… whatever that means

  32. Posted by diannjenk | October 31, 2012 at 8:02 PM

    well I love diet coke :)

  33. Posted by cricket news | July 9, 2013 at 2:25 AM

    Sports aren't only fun, they keep you in shape too. You improve your agility, endurance, and overall strength.