Larry Summers withdraws his name from Fed chairman consideration
“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,” CNBC quoted Summers as saying in a letter following the call.
In this video Luke Rudkowski interviews investigative journalist Greg Palast about the secret memo he uncovered. The End Game memo uncovered how top US Treasury officials secretly conspired with a small cabal of banker big-shots to benefit themselves. The memo indicates high level politicians like Larry Summers, who is most likely going to be appointed the next chairman of the Federal Reserve by Obama. Source: Luke Rudkowski
To learn more about Greg check out http://www.gregpalast.com/
In race for Fed chair, Larry Summers reaches out to Elizabeth Warren
Lawrence H. Summers recently reached out to a key Democrat on the Senate banking committee as the controversy intensified over his potential nomination to lead the Federal Reserve, people familiar with the matter said. Summers requested a meeting with…
Obama’s big Fed dilemma
One of the things that did for Larry Summers when he was president of Harvard University was his claim that there are more men than women in mathematics “because of a different availability of aptitude at the high end”. The comment, in a speech in 2005 …