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Cashing out: Hounded by criticism, Larry Summers calls off Fed chairman bid
Posted By admin On September 16, 2013 @ 4:43 am In Money Watch | Comments Disabled
NBC News 
September 16, 2013
Former U.S. Treasury Secretary Larry Summers has withdrawn his bid for consideration to succeed Ben Bernanke as Federal Reserve chairman — a move that allows the administration to sidestep a potentially contentious confirmation process.
“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,” Summers said in a letter to President Obama.
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URLs in this post:
 NBC News: http://usnews.nbcnews.com/_news/2013/09/15/20509458-cashing-out-hounded-by-criticism-larry-summers-calls-off-fed-chairman-bid?lite
 Obama defends Larry Summers against charges he is unfit to be Fed chairman: http://www.prisonplanet.com/obama-defends-larry-summers-against-charges-he-is-unfit-to-be-fed-chairman.html
 Larry Summers: Fox Guarding The Henhouse: http://www.prisonplanet.com/larry-summers-fox-guarding-the-henhouse.html
 Larry Summers Pushes Public-Private Infrastructure Bank Scheme: http://www.prisonplanet.com/larry-summers-pushes-public-private-infrastructure-bank-scheme.html
 Larry Summers End Game for America: http://www.prisonplanet.com/larry-summers-end-game-for-america.html
 Obama May Consider Summers as Bernanke Successor: http://www.prisonplanet.com/obama-may-consider-summers-as-bernanke-successor.html
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