Summers resigns from consideration…

[spdrun]

I wonder if we’ll get QE-whore Yellen, or someone else entirely. Personally, I think Roger Ferguson would be ideal — he seems much more measured and deliberative than Yellen or Kohn.

[CA renter]

Yay!

I’m not a fan of Yellen, but am so happy to see Summers out of the game. Still wish Volcker could be Fed chair.

[spdrun]

Summers is closest to Volcker in the sense of being more hawkish than Yellen or Kohn. Personally, I don’t mind that he was one of the cabal who caused the 2008 “crisis” — it represented (and represents) a lot of opportunity to me.

[FlyerInHi]

Summers seems like an ass. An ambitious guy lobbying for a career capstone.

He also has a creepy bob Filner like look.

[earlyretirement]

I was also glad to see Summers dropped out. Something about that guy always gave me the creeps.

[FlyerInHi]

Yeah, something is creepy and shifty about Summers.
I just watched Hank Paulson on Meet the Press and I trust him more than Summers.

I know, not an objective look at the nomination. Summers is a creature of Wall Street as much as Rubin and Paulson.

I think Janet Yellen is more of an academic like Bernanke. She’d make a good choice and a politically astute choice.

[SK in CV]

Good choice on his part. He never would have been confirmed, and so would never get a chance to fail as he has his entire career.

Relatedly, I though it hilarious that stock futures gapped up sharply on the news. Mostly filled the gap during the day but still ended up high enough to reverse the trend from the end of last week.

[spdrun]

I think Janet Yellen is more of an academic like Bernanke. She’d make a good choice and a politically astute choice.

The last thing we need running the shadow gov’t of the US is a Berzerkely libcrazy. At least not when economic policy is involved.

[jeff303]

[quote=spdrun]

I think Janet Yellen is more of an academic like Bernanke. She’d make a good choice and a politically astute choice.

The last thing we need running the shadow gov’t of the US is a Berzerkely libcrazy. At least not when economic policy is involved.[/quote]

Thanks for the thoughtful and nuanced critique, there.

[FlyerInHi]

So Yellen is nominated.

Good choice.

[spdrun]

Glad we at least have other worries to drive stock prices down and keep the panic at the low sweat stage.

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