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. Read more »
pieces of meat
Is Larry Summers going to get the nomination for World Bank president? It’s unclear at this time but lest Obama be seriously considering him for the gig, a bunch of people would like to put it out there that the former Treasury Secretary would be a “terrible pick.” In 24 hours over 37,000 people have signed a petition urging Obama to say no to Big Lar, citing his comments about women and science and the fact that Christina Romer said she felt “like a piece of meat” while working with him in the White House as evidence of unfitness for the job. Once his arch nemesii get a hold of things thing and forwards it to their friends the sky’s the limit. He’ll be lucky to get a nomination ripping tickets at a Clearview Cinemas in White Plains.