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The Summers of Our Discontent

Jim Worth | Posted 12.24.2013 | Politics
Jim Worth

Obama's expected nomination of Summers was a perfect example of that critical flaw. Repeated appointments of inadequate individuals with questionable résumés -- whether out of loyalty or cronyism -- leaves the government vulnerable to recurrent failure.

Yellen Is the Man for the Job

Megan Beyer | Posted 11.11.2013 | Business
Megan Beyer

It is clear -- three years after the bill's passage -- the agencies are still far from compliance on at least one aspect of the bill. Dodd-Frank mandates that agencies create workplaces with a more reasonable gender balance.

Ryan Grim

Former White House Colleague Slams Summers

HuffingtonPost.com | Ryan Grim | Posted 09.04.2013 | Politics

WASHINGTON -- A former senior White House official who worked closely with Larry Summers is worried that his brusque manner would make him unable to g...

Obama May Need Republican Help If He Picks Summers For Fed

Reuters | Posted 10.27.2013 | Politics

* Democrats on banking committee could pose hurdle * Yellen would likely face easier path to confirmation * Republicans ...

Bhide: Pick a 'Boring' Fed Chair Because Supervision Is the Key and It Requires 'Dullness'

William K. Black | Posted 10.23.2013 | Business
William K. Black

A Fed Chair who made it her mission to restore effective supervision would not choose "boring," "dull," or "bureaucratic" people. She would be putting a giant bull's-eye on her back and would ensure that she never have another boring day.

Four Questions for Fed Chair Candidates

Sen. Bernie Sanders | Posted 10.11.2013 | Politics
Sen. Bernie Sanders

The next Fed chair will have an opportunity to get our economy back on track and to help rebuild America's middle class. But that will require the right temperament and a willingness to take on Wall Street CEOs when necessary.

Zach Carter

Obama: Larry Summers Would Make Excellent Fed Chair

HuffingtonPost.com | Zach Carter | Posted 08.09.2013 | Politics

WASHINGTON -- President Barack Obama on Friday pushed back against rumors that his former economic adviser Larry Summers has "the inside track" among ...

Geithner Turned Obama Down For Fed Consideration: Report

Posted 08.02.2013 | Politics

President Barack Obama approached former Treasury Secretary Timothy Geithner about succeeding Ben Bernanke as chairman of the Federal Reserve, the New...

Next Fed Chair?

Bloomberg View | Albert R. Hunt | Posted 07.31.2013 | Business

BLOOMBERG VIEW As the Janet Yellen-Larry Summers competition to be the next chairman of the Federal Reserve intensifies, President Barack Obama has...

The Bungled Coronation of Larry Summers

Robert Kuttner | Posted 09.27.2013 | Politics
Robert Kuttner

A week ago, a carefully orchestrated series of leaks signaled that President Obama was on the verge of naming Larry Summers to succeed Ben Bernanke as chair of the Federal Reserve. Now, a massive backlash from Senate Democrats makes Summers' appointment something of a long shot.

Mark Gongloff

It's Official: Wall Street Hates Larry Summers, Too

HuffingtonPost.com | Mark Gongloff | Posted 07.26.2013 | Business

Wall Street has spoken: It would rather President Barack Obama pick Janet Yellen than Larry Summers to be the next Federal Reserve chair. In fact, it ...

We Can Do Better Than An Unrepentant Bully At Fed

Peter S. Goodman | Posted 09.24.2013 | Business
Peter S. Goodman

There are worse things in life than terrible phone manners, imperiousness and excessive confidence, but these traits have just become more relevant amid the disclosures that Larry Summers appears to be the front-runner to take over as Federal Reserve chairman assuming Ben Bernanke steps down early next year.

The Bernanke Fed's Stimulus Hoax Is Hiding a $2 Trillion Time Bomb

Robert Auerbach | Posted 09.24.2013 | Business
Robert Auerbach

Reporters, journalists and stock market investors are fixated on Federal Reserve Chairman Ben Bernanke's statements about the Fed's $85 billion per month giant stimulus. A major problem is that there is no giant Fed stimulus.

Mark Gongloff

The Many Reasons Larry Summers Would Be A Terrible Fed Chair

HuffingtonPost.com | Mark Gongloff | Posted 07.24.2013 | Business

It's official: Pretty much everybody thinks Larry Summers would make a terrible Federal Reserve chairman. Everybody, that is, except for the one gu...

Mark Gongloff

Bernanke Surrenders To Elizabeth Warren On Too Big To Fail

HuffingtonPost.com | Mark Gongloff | Posted 03.21.2013 | Business

Lest there was any doubt, Federal Reserve Chairman Ben Bernanke made it loud and clear on Wednesday: The problem of too-big-to-fail banks is still a m...

Thought Of Bernanke Exit Sparks Worst Stock Selloff Since June

The Huffington Post | Mark Gongloff | Posted 10.23.2012 | Business

The stock market is freaking out like Bill Paxton's panicky marine in "Aliens," yelling "Game over, man! Game over!" All because it's afraid of losing...

Blame Ben: Seven And A Half Things To Know

The Huffington Post | Mark Gongloff | Posted 02.29.2012 | Business

Leap Day comes along only once every four years, but you need to know seven and a half things every day. Here's your daily allotment: Thing One: Al...

William Alden

As Bernanke Meets The Press, The Stakes Are High

HuffingtonPost.com | William Alden | Posted 06.27.2011 | Business

Ben Bernanke, a small, bearded man with a seemingly godlike power over the economy, has spent much of his tenure as Federal Reserve chairman cloaked i...

Fed Announces Plans To Hold Regular Media Briefings

Posted 05.25.2011 | Business

Federal Reserve Chairman Ben Bernanke will start holding regular media briefings on monetary policy next month, a historic shift to greater openne...

Greenspan: Recent Decline 'Typical' Of Recovery

CNBC | Posted 05.25.2011 | Business

"What we're looking at is an invisible wall, which we've run into here. Which, essentially, as far as I can see, is a typical pause that occurs in an ...

In God We...Invest

Jeff Schweitzer | Posted 05.25.2011 | Business
Jeff Schweitzer

Wall Street is our secular religion. As with more traditional beliefs, faith trumps reason. That explains our willful blindness to the obvious scam, the fantastic story told to us by billionaire bankers.

Restricting Bank Funding for Hedge Funds: Paul Volcker Does Not Go Far Enough

Georges Ugeux | Posted 05.25.2011 | Business
Georges Ugeux

While Alan Greenspan has been busy denying any blame or foresight into the financial crisis, Paul Volcker has been working to dissociate the speculative risks of hedge funds from banking. But "The Volcker Rule," does not go far enough.

Alan Greenspan: Regulators 'Did Little' To Stop The Rise Of Too Big To Fail Firms

ProPublica | Marian Wang | Posted 05.25.2011 | Business

Alan Greenspan, former chairman of the Federal Reserve, will be presenting [1] a 48-page paper [2] to the Brookings Institution tomorrow. For years co...

Sam Stein

Gibbs: We Believe Bernanke Will Be Confirmed, Ease The Markets

HuffingtonPost.com | Sam Stein | Posted 05.25.2011 | Politics

The White House is confident that Federal Reserve Chairman Ben Bernanke will win re-nomination to the post despite opposition to his appointment that ...

Sam Stein

How Bernanke Became A Toxic Asset

HuffingtonPost.com | Sam Stein | Posted 05.25.2011 | Politics

With Federal Reserve Chairman Ben Bernanke's term coming to an end on January 31, what once seemed implausible has quickly become a genuine political ...