Summers withdraws name from Fed consi...

Summers withdraws name from Fed consideration

There are 3 comments on the The Modesto Bee story from Sep 15, 2013, titled Summers withdraws name from Fed consideration. In it, The Modesto Bee reports that:

Summers' withdrawal followed growing resistance from critics, including some members of the Senate committee that would need to back his nomination.

Join the discussion below, or Read more at The Modesto Bee.

John Netonyahu

Fishers, IN

#1 Sep 15, 2013
guessin hu is dat?!;-00000000

Minneapolis, MN

#2 Sep 15, 2013
So they just have to clone another 1. It would be disastrous if the rich stop getting richer and the poor middle class stays flat broke for paying taxes with all what remains after their living expenses.

“Open your eyes”

Since: Sep 09

Central Florida

#3 Sep 16, 2013
This surprised me. Something happened behind the scenes and nobody is talking.

Summers has been the front runner since his name came up. As of last month there was a 70% likelihood that Summers was going to be the guy per the FMOC.

So what happened?

As of last Thursday, the media in Japan reported that the decision was made. Summers was the pick. But, on Saturday Summers withdrawls his name?

What happened behind the scenes?

Now do not get me wrong. Summers is a piece of crap that should be in jail for fraud. Just like Osama Bin Bernanke.

Now I guess Yellen will be the pick. She is another one that got it all wrong. Every bit of the housing markets she got wrong, inflation was wrong, etc... Read the fed minutes. She is consistently wrong.

But it does not matter who they pick to drive the car when it is the car itself that is broken.

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