Obama has to be F'ing nuts..

[Indy]

Oh that won't happen. That's why this is all so bizarre to watch. We're just standing around.

[The Dude]

First off, it should be noted Summers has reversed course on those policies. Unlike most people, he admitted his mistake. Yes, it sucks he got something wrong but at lease I can trust someone who is willing to look at the evidence and admit they were wrong and change their positions based on it. Summers is still a very smart economist even.

That said, I don't understand why Yellen isn't the obvious choice. She's the current vice chair, she's has every credential needed, she's basically been the driving force behind current policy changes, she has the most accurate predictive record out of anyone being considered by far, and nominating a woman would be a big thing for something like the Fed (note I would never nominate someone just for being a woman but if the most qualified person is a woman, you don't miss that opportunity).

[Mr.Bill]

Summers has made too many mistakes, from his time in the Clinton WH, to his time at Harvard, to his time on Obama's economic council... AND he's too close to WS.. Taking perks from Citigroup, then when he's on Obama's economic team he's calling Senators trying to talk them into lifting the bonus and pay caps for CEO's of companies that received bailouts, of course including Citigroup? Come on..

Enough of him.. He needs to retire and get out..

[The Dude]

I agree with you, I don't want him to be the chairman. I don't know how Summers is still falling up in the political world, it's kind of bizarre. But he's not as terrible as some might make him out to be, either.

But it should be Yellen, regardless. Hoping Obama goes with her.

[Indy]

It's going to be Summers. Watch.

[Charai]

[Kane]

http://www.ft.com/intl/cms/s/0/29099d7a ... abdc0.html

It won't be Summers. He'll put Summers up first, there will be obvious opposition, and then tap Yellen as a better alternative (Her Gender will help her here). They put Summers out there to get ready for the showdown.

[The Dude]

Why have the charade of Summers and not just go with Yellen right away? What am I not seeing here?

She's the most qualified person and if the GOP opposes her (for reasons I have no clue because why would the GOP oppose her?) they would look like misogynist pigs. I see no reason for a showdown with Summers, especially since the showdown would be among the Democrat Party. The GOP won't oppose Summers much.

Supposedly, there's a 3rd person for consideration as well. Someone know one knows.

[Spider]

Another vote for Summers. Just because it would fit.

[Kane]