In race for Fed chair, Larry Summers reaches out to Elizabeth Warren

[IDemo]

Apologies if this has been posted, didn't find it if so.

Lawrence H. Summers recently reached out to a key Democrat on the Senate banking committee as the controversy intensified over his potential nomination to lead the Federal Reserve, people familiar with the matter said.

Summers requested a meeting with Sen. Elizabeth Warren (D-Mass.) when both were in Massachusetts this summer, the people said. Warren has been a vocal critic of Summers’ s effort to deregulate the financial sector when he was Treasury secretary under President Bill Clinton. As a member of the committee that will vote first on the White House’s pick for Fed chairman, she could be a roadblock in advancing a possible Summers nomination.

Although the people familiar with the matter said the meeting never happened because of scheduling issues, the direct outreach underscores the behind-the-scenes push to install Summers in the top post at the central bank.

That effort faced a setback Friday when Sen. Jon Tester (D-Mont.), who also sits on the banking committee, announced he would not vote for Summers. Tester is expected to be joined by several other Democrats, including Sen. Sherrod Brown of Ohio and Sen. Jeff Merkley of Oregon. Losing the support of three or four Democrats would mean President Obama would need help from committee Republicans if he decided to pick Summers to lead the Fed.

http://www.washingtonpost.com/business/economy/in-race-for-fed-chair-larry-summers-reaches-out-to-elizabeth-warren/2013/09/13/40a776ea-1cb0-11e3-82ef-a059e54c49d0_story.html

[Safetykitten]

1. And now the "rehab" begins. Look for the "softer" side of Summers. He's in. He's so in.

[Berlum]

2. "I did not have male mysogynist pig with that man. Myself." - Larry Smummers

"I had it with my Man Buds, The Banksters." - Larry Smummers

[Autumn]

3. I hope she shows him her knee if his requested meeting

should ever happen.

[Ichingcarpenter]

4. Senator Warren's 'Serious Concerns' About Larry Summers

Senator Elizabeth Warren has told the White House that she won't publicly take a position on Larry Summers as a possible chairman of the Federal Reserve Board, though she privately told administration officials she has "serious concerns" about him as a nominee, according to people familiar with the situation.
Summers's prospects have dimmed over the past week and the Obama administration has come to realize the opposition of a prominent figure such as Warren could deliver a fatal blow, several people said.

http://www.bloomberg.com/news/2013-09-13/senator-warren-s-serious-concerns-about-larry-summers.html

[R. Daneel Olivaw]

5. Larry Summers Helped Torpedo Elizabeth Warren CFPB Nomination

http://www.huffingtonpost.com/2013/08/07/larry-summers-elizabeth-warren_n_3720533.html

Former Obama administration economic adviser Larry Summers helped torpedo a bid from current Sen. Elizabeth Warren (D-Mass.) to head the Consumer Financial Protection Bureau in the summer of 2010.

The Summers-Warren conflict was reported by The Boston Globe and confirmed to The Huffington Post by two former Obama administration officials.

The Globe story builds on reporting from Ron Suskind's book on the Obama administration's economic management, Confidence Men, revealing that while Summers publicly praised Warren as an excellent candidate to head the CFPB in July, he in fact opposed appointing to her director of the new regulatory agency when he served as director of the president's National Economic Council. Although Summers had been an early advocate of Warren's idea to establish a consumer regulator to deal with abusive lending, he was rankled by the support she received from other administration officials, particularly Christina Romer, who chaired Obama's Council of Economic Advisers. Summers and Romer repeatedly clashed on policy matters, with Summers infamously blocking Romer from presenting an analysis to Obama, revealing an economic need for a stimulus package much larger than $800 billion.

[Gidney N Cloyd]

6. Summers wants that job just a little too much.

[Safetykitten]

7. Obama wants him in that job too much.

[pscot]

10. Truth

[Salviati]

8. When Larry Summers reaches out to you:

Take your cue from Obi Wan in the Cantina - cut his arm off at the elbow.

[gopiscrap]

9. Hope Warren tells him to stick it in ear!