by Dennis Miller, Testosterone Pit.com:
So long Larry Summers! In this game of eeny meeny miny moe, it appears that Obama’s index finger will ultimately land on Janet Yellen to replace Bernanke as chairman of the Federal Reserve. Summers was Wall Street’s choice, but he withdrew from consideration, citing potential obstacles in the Senate confirmation process. While I greeted that update favorably, Yellen isn’t high on my list either.
Before Summers stepped aside, the authors of an article on Yahoo Finance asserted why Wall Street preferred Summers even though we shouldn’t:
“Obama leans toward Summers not on the merits but because the Wall Street bankers want him. Summers is one of the boys, and the bankers know that Summers will do their bidding, at the expense of everybody else.”
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