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« RAND PAUL VS. KING BARACK I | Main | CHART SHOCK: The REAL Inflation Rate Is 10% »
Saturday
Jan262013

SURVEY: 50% Oppose Larry Summers As Fed Chairman

Fresh from his nap.

Love this story.  Now that Geithner has removed his name from consideration, here's a look at Larry's chances to replace Bernanke.

Not good.

---

Bloomberg

Almost half of global investors say President Barack Obama shouldn’t select former Treasury Secretary Lawrence Summers as the next chairman of Federal Reserve Board, according to the latest Bloomberg Global Poll of investors.

Only 17 percent of the 862 surveyed say it would be a good idea to appoint Summers, 57, to replace current Fed Chairman Ben S. Bernanke, 58, whose term expires in January 2014.  Thirty-four percent didn’t have an opinion and 49 percent said it was a bad idea.

The Nov. 27 poll of Bloomberg customers who are investors, traders or analysts was conducted by Selzer & Co., a Des Moines, Iowa-based company.  It has a margin of error of plus or minus 3.3 percentage points.

“Although Lawrence Summers is an exceptionally talented man, the Fed chair is in need of a man with less connections and entanglements to the establishment,” Fredrik Fyring, a derivatives trader at Skandinaviska Enskilda Banken in Stockholm.

Continue reading...

---

Summers last month on Bloomberg.  Runs 1 minute.

'Nobody who holds Treasuries should worry about getting paid.  The U.S. will meet all its obligations.'

If you remember, both Summers and Geithner guaranteed last year that the U.S. would never be downgraded, and then it happened a few months later, in August of 2011.  So Mr. Somnolence is choosing his words quite carefully in this clip.

---

Dylan Ratigan annihlates Larry Summers while Steve Rattner sits in denial:

Dylan Ratigan with Barry Ritholtz and Steve Rattner.

"He's headed back to Harvard.  Presumably to teach students how to steal a whole bunch of other people's money, and then cover it up."

How Larry Wrecked Harvard's Endowment:

 

 

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Reader Comments (26)

Are you sure that's not the London Whale? Larry looks like he just snacked on a couple of small children. Irish ones are especially delicious, I hear.
Jan 26, 2013 at 2:38 PM | Unregistered CommenterDr. Pitchfork
Jan 26, 2013 at 2:43 PM | Registered CommenterDailyBail
Larry Summers Is An Economic War Criminal

http://dailybail.com/home/larry-summers-is-an-economic-war-criminal.html

Chris Whalen
Jan 26, 2013 at 2:48 PM | Registered CommenterDailyBail
Larry 'I Wrecked The Harvard Endowment' Summers As Realized In Cinema From 'The Social Network'

http://dailybail.com/home/larry-i-wrecked-the-harvard-endowment-summers-as-realized-in.html
Jan 26, 2013 at 2:49 PM | Registered CommenterDailyBail
Are you sure that's not the London Whale?

---

And that's a recent snap from Bloomberg.
Jan 26, 2013 at 2:50 PM | Registered CommenterDailyBail
Dr. P, Easy on the Irish children there. The priests have been feasting on them for years. Not many left.
Jan 27, 2013 at 10:22 AM | Unregistered CommenterSKINFLINT
Frau Merkel likes them roasted, baked or boiled. Monsieur Trichet says they're equally good in a fricassee or a ragout. (h/t Dean Swift)
Jan 27, 2013 at 11:34 AM | Unregistered CommenterDr. Pitchfork
Priests just like em raw. The horror.
Jan 27, 2013 at 12:12 PM | Unregistered CommenterSKINFLINT
Good Stuff today DB. Love all the variety.

On Sandy Hook, I posted a video some time ago, and no one responded. I was actually looking for opinions. Is our Government, that smart? Do they think that far ahead? I find it very strange that this happened on the same DAY as a practice for School Emergency!

On the Ford Foundation CIA mix, not one post mentions little Timmy Geithner's father's involvement along with Obama's mother in the Ford Foudation/CIA .


http://www.economicpolicyjournal.com/2012/03/ford-foundation-and-cia.html

Mar 21, 2012 ... As for the CIA not working through the Ford Foundation. ... Does make it kind of interesting that Geithner's father was in charge of microfinance

Tim Geithner's dad, Barack Obama's mom and the CIA - Cannonfire

http://www.cannonfire.blogspot.com/2009/02/tim-geithners-dad-barack-obamas...


Since we paddling in the sex & lies pool, how about this connection?

Is Obama a CIA Controlled Manchurian President? :

http://www.theintelhub.com/2012/03/22/is-obama-a-cia-controlled-manchurian-president/


Obama_Barack_and_Michelle_gay_blackmail_Rezko

http://www.newsfollowup.com/obama_phony_left_cia_ford_foundation_trilateral_soros.htm

My links are hot on my computer,but not always when I post them, ? Help.
Jan 27, 2013 at 6:12 PM | Unregistered CommenterBackgammon
BG, Horowitz had a pretty good article on the association of lil B and lil T back in the day. Don't know if the article is still archived in his web site. He is pretty much a righty there though he was hard left in the 60's. Don't know what made him flip. Sure there was some reason. Anyway he goes into great detail. Naome Klein goes into great detail about the Ford Foundation in different parts of the world. The black cars etc. Ventura goes deep on Fed stuff on his program. Pretty scary stuff and it makes it all the more shocking when people just think it ain't gonna happen, even though it has happened the world over. Keeps me awake at nights I can tell you.
Jan 27, 2013 at 8:15 PM | Unregistered CommenterSKINFLINT
BG, In my opinion, it seems the vote is gamed. If they can manipulate the LIBOR rate for years and launder money and hustle the entire us ecnomy it would seem vote fraud would be small potatoes. Just saying. Also, John Perkins has written a couple of books about the hustle on Latin American companies. They are written in a first person narrative. He was there with all the other criminals raping the south american econs.
Jan 27, 2013 at 9:35 PM | Unregistered CommenterSKINFLINT
Thank You SKINFLINT.

I have to start reading Daily Bail earlier in the day.


I will be sleeping with one eye open tonight!
Jan 27, 2013 at 11:27 PM | Unregistered CommenterBackgammon
The book Skin refers to if this:

http://en.wikipedia.org/wiki/Confessions_of_an_Economic_Hit_Man

[snip]

Confessions of an Economic Hit Man is a book written by John Perkins and published in 2004. It provides Perkins' account of his career with consulting firm Chas. T. Main in BOSTON. Before employment with the firm, he interviewed for a job with the National Security Agency (NSA). Perkins claims that this interview effectively constituted an independent screening which led to his subsequent hiring by Einar Greve,[1] a member of the firm (and alleged NSA liaison) to become a self-described "economic hit man".

According to his book, Perkins' function was to convince the political and financial leadership of underdeveloped countries to accept enormous development loans from institutions like the World Bank and USAID. Saddled with debts they could not hope to pay, those countries were forced to acquiesce to political pressure from the United States on a variety of issues. Perkins argues in his book that developing nations were effectively neutralized politically, had their wealth gaps driven wider and economies crippled in the long run. In this capacity Perkins recounts his meetings with some prominent individuals, including Graham Greene and Omar Torrijos. Perkins describes the role of an EHM as follows:

Economic hit men (EHMs) are highly-paid professionals who cheat countries around the globe out of trillions of dollars. They funnel money from the World Bank, the U.S. Agency for International Development (USAID), and other foreign "aid" organizations into the coffers of huge corporations and the pockets of a few wealthy families who control the planet's natural resources. Their tools included fraudulent financial reports, rigged elections, payoffs, extortion, sex, and murder. They play a game as old as empire, but one that has taken on new and terrifying dimensions during this time of globalization.
Jan 28, 2013 at 6:42 AM | Unregistered Commenterjohn
Sep 15, 2013 at 5:44 PM | Unregistered CommenterJohn
I think Bernanke should be replaced with a parrot that can say "Print money". Then when it is time for the fed to determine Keynesian monetary policy, the parrot can just advise us to "Print money".

It will reduce the deficit... the parrot will have the same outcome, but would not require such a large salary.

If it would make the liberals happy, it can be a female, gay, broke, but happy parrot.


These are the days I miss DB, thanks for posting John!
Sep 15, 2013 at 7:52 PM | Unregistered CommenterBackgammon
Thanks BG! As long as the DB is still up I will continue. We all miss the hell out of DB and trust that his much needed time off has been relaxing and fruitful. I know he's OK as I saw him comment about tennis on a major sports news site about 4 weeks ago.

I'm really thankful to the handful of you all who keep coming back and hopefully soon, DB will be back and on fire!
Sep 16, 2013 at 7:02 AM | Unregistered Commenterjohn
Why that fat no good miserable Ben and Jerry's chubby hubby ice cream eating jobba the fucking hut look alike. His claim to fame is losing BILLIONS in Ivy League trusts for Harvard as he played wrecklessly with huge accounts as if they weren't his. That's because the money DIDN'T belong to him. So imagine his callous horseshittery if named the fed chairman. At least we could have been entertained by his commentary as to how stupid women really are, especially in subjects that require numerical thinking. Janet Yellin, now THERE is someone you can make your mind to wrap
Itself up in. A woman who looks an awfully lot like a man who sounds as if she could be a man, especially if you were to hear her on the radio.
Sep 16, 2013 at 10:22 PM | Unregistered CommenterSKINFLINT
Hopefully DB is fine.
Sep 17, 2013 at 12:54 PM | Unregistered CommenterS. Gompers
Glad to hear from you Gomp! The Larry Summers issue is hilarious and I know damn well it involves his association in the energy sector. Have you heard about the TXU thing that Zero Hedge is breaking?
http://www.zerohedge.com/news/2013-09-17/largest-lbo-ever-prepares-largest-non-financial-bankruptcy-30-years

This is the shit Barb and I have been working our asses off about. And yea, Di Fi's husband brokered the deal (recently) where the Enron's Guys (who we write about) and their innumerable LLC's etc call home here in Boston.
Sep 17, 2013 at 6:16 PM | Unregistered Commenterjohn
I hadn't heard John, I have been a little preoccupied. Far to many funerals this last year and a half.
Sep 20, 2013 at 6:16 AM | Unregistered CommenterS. Gompers
Sorry to hear of your losses Gomp. It is hard I am sure to go through these things. Hope you are preparing for a cold winter. It's pretty cool here already at night. Perfect weather for camping. Take cae.
Sep 20, 2013 at 7:31 AM | Unregistered CommenterSKINFLINT
Likewise, sorry to hear that Gomp. Anyway getting back to Larry Summers...

Summers and DE Shaw are owners of First Wind and all are involved in Deep Water Wind which is what Barb and I have been writing about. Summers removed his name from the list of Fed candidates a couple of days ago. Now we see this:

http://www.rechargenews.com/wind/offshore/article1338035.ece
Sep 20, 2013 at 10:32 AM | Unregistered CommenterJohn
Thanks guys, it has been a rough one, some of them very tragic.

Yes, I am expecting a bad winter as well and will be making preparations for such when I return home, I am currently out of state on a little business and pleasure.

I got a lot of wood to split...
Sep 21, 2013 at 4:39 AM | Unregistered CommenterS. Gompers
I think an 'old fashioned winter' will happen this year. Get the shovels and firewood ready.


Here again is the company Summers and DE Shaw have an ownership stake in. I can see why Summers HAD to remove his name from being Fed Chair.

http://www.altenergymag.com/news/2013/09/18/first-wind-selected-for-multiple-award-task-order-contract-by-us-army-corps-of-engineers/30789
Sep 21, 2013 at 7:13 AM | Unregistered Commenterjohn
Sep 21, 2013 at 7:50 AM | Unregistered Commenterjohn

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