Summers helped orchestrate the repeal of Glass-Steagall which led to the financial meltdown! Now Odumbo is considering him as the successor to the Fed chairmanship!?! Where's that "change" Odumbo promised?
Right now, Larry Summers is the front-runner for Fed chair
The word among Federal Reserve watchers right now is that the choice is down to Janet Yellen or Larry Summers as Ben Bernanke’s replacement. . . . So after conversations with plugged-in sources both inside and outside the process, here’s what’s behind the changing odds: Larry Summers just might be the next Fed chair. . .
President Obama really likes Summers. And he’s surrounded by Summers’s longtime colleagues and friends. Conversely, Obama doesn’t really know Yellen, and nor do any of the White House’s economic principals.
http://www.washingtonpost.com/blogs/...for-fed-chair/