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Charlie Gasparino Describes The Odds Of Larry Summers Being Named Fed Chair As They Were Described To HimBy Bess Levin
“We are getting this from – I would say a White House source, a person very close to the White House who does work on Wall Street. I would describe it as a White House source. He is telling the FOX Business Network that the decision is going to be made – who to get this job in several week…but what we understand is that Larry Summers, this source says, is the odds on favorite. Let me describe the odds, as it was described to me, and it shows you why he is not necessarily in there yet. It’s been described to me – and this is a very well played source as 60-40 that Larry Summers gets it…and here is the one thing that is going on right now that I think is kind of interesting…he White House continues to vet Larry Summers. They are looking specifically at his Wall Street ties.” [FBN]
If we learned one thing from the the financial meltdown it simply is “Don’t Fuck with Quants.” Armed with their designations, degrees and Excel spreadsheets they taught us that if tested, they will bring the global financial system to its knees, so help me God. Perhaps in a quest for redemption for the entire industry, one such individual has taken his talents to Vegas, where he’s trying to create value rather than mercilessly destroy it. For those whose bonuses sucked more than some dude with his lips around Michelle Ryan’s toes, you might what to check out this kid’s site if you’re looking for a little extra scratch.
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