Lawrence H. Summers, the former Treasury secretary and senior White House economic adviser, has withdrawn as a candidate for Federal Reserve chairman in a startling development that raises urgent questions about who will lead the central bank when Chairman Ben S. Bernanke steps down in four months.Washington Post
Summers withdrew after an intense uproar among liberal Democrats, women’s groups and other advocacy organizations against his potential nomination....
Larry Summers withdraws name from Fed consideration
Zachary A. Goldfarb and Ylan Q. Mui
2 comments:
I think this is a good example of what can happen when many good people take a high profile public stand for what they think is right...
A lot of big names did not just stand idly by quietly when faced with the thought of the Summers nomination...
Now we just need a similar effort on the issue of "the coin" to solve the "debt ceiling" issue and we'll really be rolling...
rsp,
Hi Matt
Remember the coin will have to be minted in China because we are broke supposedly and we don't mint our own sovereign currency and we are not the USA and we are not DEVO !!!!
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