SURVEY: 50% Oppose Larry Summers As Fed Chairman
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.
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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.
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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.
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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:
- Don't Let Larry Summers Anywhere Near Your Investments...
- Harvard Swaps Are So Toxic Even Summers Won’t Explain - Bloomberg
- Larry Summers loses 1/3 of Harvard's endowment ($1.8 Billion) on derivatives, gets promoted to White House
Reader Comments (26)
http://dailybail.com/home/larry-summers-on-the-next-us-debt-downgrade.html
http://dailybail.com/home/larry-summers-is-an-economic-war-criminal.html
Chris Whalen
http://dailybail.com/home/larry-i-wrecked-the-harvard-endowment-summers-as-realized-in.html
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And that's a recent snap from Bloomberg.
http://www.washingtonpost.com/blogs/she-the-people/wp/2012/11/23/larry-summers-its-time-to-tax-carbon-and-treats/
http://rasica.files.wordpress.com/2013/01/338-0604204337-larry-summers-jabba.jpg?w=300&h=203
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.
I have to start reading Daily Bail earlier in the day.
I will be sleeping with one eye open tonight!
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.
Larry Summers withdraws from name for Fed Chairman
http://m.wcvb.com/money/Larry-Summers-withdraws-name-for-Fed-chair-job/-/17428558/21949370/-/km15q2z/-/index.html
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!
I'm really thankful to the handful of you all who keep coming back and hopefully soon, DB will be back and on fire!
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.
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.
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
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...
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
http://cryptome.org/2013/09/larry-summers-assets.pdf