Re: [Pen-l] NY Times grumbles over Obama's economic advisers

[Doug Henwood <dhenwood@xxxxxxxxx>]

On Nov 25, 2008, at 11:03 AM, Jim Devine wrote:

> from the NY TIMES editorial: >Mr. Summers does not face Senate
> confirmation; Mr. Geithner does.<
>
> That may explain why Summers isn't being appointed to head the
> Treasury. He's got too much obvious baggage.

Damn, I shoulda bought Geithner on Intrade a couple of weeks ago. And  
shorted Summers.

But if there's truth to the report that Summers will succeed Bernanke  
in 2010, then he will face Senate confirmation. Maybe they're hoping  
that the Fathead will do such a bang-up job that confirmation will be  
unanimous.

Doug

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