Obama Considering Larry Summers To Head World Bank
source: http://dailybail.com/home/obama-considering-larry-summers-to-head-world-bank.html
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- maasanova
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President Barack Obama is considering nominating Lawrence Summers, his former National Economic Council director, to lead the World Bank when Robert Zoellick’s term expires later this year, according to two people familiar with the matter.
Summers has expressed his interest in the job to White House officials and has backers inside the administration, including Treasury Secretary Timothy Geithner and the current NEC Director, Gene Sperling, said one of the people. Secretary of State Hillary Clinton is also being considered, along with other candidates, said the other person. Both spoke on condition of anonymity to discuss internal White House deliberations.
Lael Brainard, the under secretary of Treasury for international affairs, is compiling a list of potential candidates to replace Zoellick, who was nominated to a five-year term that began in July of 2007 by then-President George W. Bush. By tradition, the U.S. president chooses the leader of the World Bank while the head of the International Monetary Fund is selected by European leaders. The nomination is subject to approval by the World Bank’s executive board.
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WallStreet_Rant
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Larry Summers? Are they serious? If that is the case you might as well consider their latest "Global Economic Prospects" report the last resemblance of to ever come from the organization (its not common from organizations like the World Bank or IMF anyway). I was actually surprised that their most recent report actually had shades of reality in it! With Larry Summers in charge you can be sure not even "shades" of reality would be accepted -- Which might be why he has a chance!
http://www.wallstreetrant.com/2012/01/world-bank-issues-world-rare-reality.html
- 4 months ago
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WallStreet_Rant
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Anonmaly
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Because Obama is a REPUBLICAN!!! (or conservative if you like...)
- 4 months ago
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Anonmaly
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maasanova
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The Mayor of New York City on Bankers, 1922.
John C. Hylan, Mayor of NYC from 1918 to 1925"The little coterie of powerful international bankers virtually run the United States government for their own selfish purposes. They practically control both parties, write political platforms, make catspaws of party leaders, use leading men of private organizations and resort to every device to place in nomination for high public office only such candidates as will be amenable to the dictates of corrupt big business."
They connive at centralization of government on the theory that a small group of hand-picked, privately controlled individuals in power can be more easily handled than in a larger group among whom there will most likely be men sincerely interested in public welfare."
- 4 months ago
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maasanova
