{"id":192542,"date":"2009-03-20T17:50:00","date_gmt":"2009-03-20T22:50:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/03\/20\/great-googly-moogly-larry-summers-wants-to-be-fed-chairman\/"},"modified":"2009-03-20T17:50:00","modified_gmt":"2009-03-20T22:50:00","slug":"great-googly-moogly-larry-summers-wants-to-be-fed-chairman","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2009\/03\/20\/great-googly-moogly-larry-summers-wants-to-be-fed-chairman\/","title":{"rendered":"Great Googly Moogly:  Larry Summers Wants to be Fed Chairman"},"content":{"rendered":"<p>It appears that Barney Frank and Chris Dodd have differences in the future course of regulation.<\/p>\n<p>Specifically, Frank favors giving the Federal Reserve the job of managing &#8220;systemic risk&#8221; under any new regulations, and Dodd thinks that the Fed, with its history of unresponsiveness and opacity is ill suited to the task.<\/p>\n<p>Well, it now appears that <a href=\"http:\/\/tpmdc.talkingpointsmemo.com\/2009\/03\/fed-fight-viewing-the-aig-fallout-from-dodds-end.php\">much of the smear campaign against Dodd may have come from Larry Summers<\/a>, who would be first in line to be Federal Reserve chairman if Obama does not reappoint Bernanke, and so he went after Dodd in order to strengthen Frank&#8217;s hand in making the Fed the chief regulator.<\/p>\n<p>I&#8217;m beginning to think that anyone who has &#8220;friend of Robert Rubin&#8221; on their resume should be barred from any position of authority.<\/p>\n<p>Un-dirtyword-believable.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It appears that Barney Frank and Chris Dodd have differences in the future course of regulation. Specifically, Frank favors giving the Federal Reserve the job of managing &#8220;systemic risk&#8221; under any new regulations, and Dodd thinks that the Fed, with its history of unresponsiveness and opacity is ill suited to the task. Well, it now &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1010,998,978,979],"tags":[],"class_list":["post-192542","post","type-post","status-publish","format-standard","hentry","category-bureaucracy","category-congress","category-politics","category-wanker"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192542"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=192542"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/192542\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=192542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=192542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=192542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}