What goes around, comes around -- (if you don't know about the Larry Summers-Winklevoss Twins connection go here) --
Former Obama aide Summers withdraws from Fed chair consideration | Reuters: "Word that the president was leaning toward nominating Summers over Fed Vice Chair Janet Yellen elicited an unprecedented amount of controversy for a potential nominee to run the U.S. central bank. Four Democratic senators on the Senate Banking Committee were expected to vote against him if nominated by the president. Summers said that the storm around his possible nomination pointed to a difficult confirmation process that could hurt the president's economic agenda and the institution, and decided to pull back. "I have reluctantly concluded that any possible confirmation process for me would be acrimonious and would not serve the interest of the Federal Reserve, the administration or, ultimately, the interests of the nation's ongoing economic recovery," Summers said in a letter to Obama."
And to just think what could have been. LOL.
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When the facts change, I change my mind. What do you do? -- John Maynard Keynes
Monday, September 16, 2013
Winklevoss Twins Revenge: Summers withdraws from Fed chair consideration
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