Apparently Paul Volcker and Larry Summers are already not seeing eye-to-eye on economic issues in the Obama administration. Given the choice between the two, I’d take Volcker, so this is not good news. After all, given enough provocation the blunt and impatient 81-year-old Volcker is likely to call it quits and go fly-fishing.
Volcker has stood behind Obama’s team, agreeing to testify in Congress on behalf of Geithner’s nomination, which was jeopardized by errors on his taxes. An economic policy maker of Volcker’s stature deserves more respect and a more visible role, Silber said.
“That’s a real concern if his name falls by the wayside,” said Silber, author of “When Washington Shut Down Wall Street: The Great Financial Crisis of 1914.”
“That’s something that worries me at least as much as the fundamental problem.
More here.
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