Monday, September 16, 2013

With Larry Summers dropping out, front runner to lead the Fed has history of missing economic crises

The financial world was hit with a bombshell on Sept. 15, when the surefire front runner to lead the Federal Reserve shockingly pulled out of the race to replace Ben Bernanke at the end of his term.  The candidate who had a 70% chance of becoming the next Fed Chairman was long time financial power broker Larry Summers, and the vacuum he leaves places as the new favorite, a central banker who admitted that she completely missed the warning signs leading up to the 2008 financial meltdown.

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