Obama Reportedly to Select Larry Summers to Chair Federal Reserve
Japanese newspaper quotes unnamed sources
U.S. President Barack Obama will name former Treasury Secretary Lawrence Summers as chairman of the Federal Reserve Board, Japan's Nikkei newspaper said on Friday.
The newspaper, quoting unnamed sources, said in its original Japanese version that Obama was "in the final stages" and moving toward naming Summers.
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Summers? Bah.
What difference does it make at this point?
He may as well appoint Roosevelt from Sesame Street.
Should the president even be allowed to appoint the person holding the American economy hostage? If we are stuck on this suicidal path of allowing the Fed to be the only Currency shouldn’t the chairman be democratically elected by the people forced to use its product (UN-constitutionally i might add)