HUH. The architect of bank deregulation, which turned straitlaced banks into casinos and bankers into pimps, may be next Head Fed: Summers.— Bette Midler (@BetteMidler) August 10, 2013
President Obama has defended Summers, who headed his economic team for two years during his first administration, against charges from the left that Summers is unfit for the job because of his close ties to Wall Street.
Larry Summers, a HUGE ADVOCATE of higher exec pay and bonuses for execs whose firms received billions in federal bailouts during the crisis.— Bette Midler (@BetteMidler) August 12, 2013
Of course, Alan Greenspan, an acolyte of demented, delusional, adulterous Ayn Rand, never apologized or never admitted his failures, either.— Bette Midler (@BetteMidler) August 12, 2013
Obama insists that he hasn’t settled on a replacement for Ben Bernanke, who many expect will leave the Fed early next year. Fed Vice Chairwoman Janet Yellen has also been mentioned as a potential replacement.
Obama has called his nomination of a candidate to lead the central bank “one of the most important economic decisions I'll make in the remainder of my presidency.”