Summers withdraws his name

One for the good guys…

Bernie Sanders:

BURLINGTON, Vt., Sept. 15 – U.S. Sen. Bernie Sanders (I-Vt.) today issued the following statement after Lawrence Summers withdrew from consideration to succeed Ben Bernanke as Federal Reserve chairman:

“I applaud Larry Summers for withdrawing his name from consideration. The truth is that it was unlikely he would have been confirmed by the Senate. What the American people want now is a Fed chairman prepared to stand up to the greed, recklessness and illegal behavior on Wall Street, not a Wall Street insider whose deregulation efforts helped pave the way for a horrendous financial crisis and the worst economic downturn in the country since the Great Depression. The Fed now must help develop policies which create millions of decent-paying jobs and rebuild the middle class.”

3 thoughts on “Summers withdraws his name

  1. “brilliant but polarizing?” Say what? How can you be dead wrong on everything and still be considered brilliant? Oh, well, YOU couldn’t. You’re a lowly female and not part of the boyz club (which never ever kicks out a member because that would be admitting an error).

  2. Larry’s ‘good-bye cruel world’ letter concludes “…so that no President ever again faces what you and your economic team faced upon taking office in 2009…”.

    Uh, Larry – those conditions weren’t brought on in part due to deregulation, trade, and World Bank policies you helped bring to fruition, were they?

    Don’t be so modest.

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