Summers would be the first Fed Chairman to fall asleep at his own meetings.
Text From RT
Lauren Lyster and producer Demetri Kofinas discuss some of the latest rumors regarding who will take over at Treasury and at the Federal Reserve if and when Tim Geithner and Ben Bernanke leave their posts after the election.
Come January 2014, it looks like Bernanke will no longer be the head of the Fed. The Chairman has told close friends that he won't seek a third term, even if Obama is re-elected. According to Andrew Ross Sorkin, former Treasury Secretary Lawrence Summers would be at the top of Obama's list to replace Bernanke.
However if Romney is elected, Glenn Hubbard would be at the top of the list for Fed Chairman or Treasury Secretary. Plus Alan Greenspan, the former Federal Reserve Chairman, spoke out against Too Big To Fail Banks during a speech at a meeting of the Securities Industry and Financial Markets Association (SIFMA).
UPDATE - Summers Opposed as Fed Chairman by Almost 50% in Survey