Matt Elajious News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Matt elajious. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Matt Elajious Today - Breaking & Trending Today
Start happening of the $85 billion a month in bond buying and all this that s kept all this liquidity gushing into the market. as that threads down, he s not going to have somebody who can scare wall street with the hope of greater regulatory issues and a greater regulatory hurdles and at the same time when you re drawing down some of the stimulus that has kept wall street riding on this bubble, this cloud of fed spending. so, i think the political driver there is obama is not going to want somebody that is going to blow up the market. the few bright spots they have. i wonder about that, matt, in terms of the relationship between the administration and wall street. larry summers, i think to a lot of people on the left symbolizes that era when bill clinton married the democratic party to wall street. reuben coming in to run treasury and the deregulation in all of that and i wonder if that s what a lot of the objection is to ....
About who should or should not be. he has a long list of people he is talking to. he indicated that there s not, his words, not a piece of paper difference in all of them. ahead of the senate democrats will support whoever obama nominates for the position. last week, though, a group of 20 democratic senators wrote a letter urging obama to appoint yellen. they wrote our nation badly needs a chairman with a solid record with a bank regulator. the board well served by a chairman with monetary policy experience which governor yellen has with more than a decade of service in the federal reserve system. matt, you have written about this a little bit and written it probably should not be in your mind larry summers to get this job. are you part of this crowd that is trashing him like the president said this week? i don t consider myself someone who is out there trashing larry summers. what is strange is the seeming impulse to look beyond yellen. ....
His papers and not be in the hot spot all the time. matt talks about the larry summers fan club. president obama seems to be part of it. i m wondering what that stems from. just working with him a couple years ago and also seems to me based on this letter from the senate, not a lot of democratic senators are a part of that club. in some ways, a flashback to when obama first got in and appointing all of these clinton, clinton folks and progressives were not happy. they weren t happy with summers. they very much like volker, volker in the white house boxed out of the main monetary approach. but people also upset with summers from some of the things that went on at harvard, as well. very much a flash back to that. you flash for now until yellen. i think you ll hear a lot from women s groups. i just got an e-mail from the national organization for women. you saw the president and the big appointments so far in his second administration, not a lot of women, not a lot of minorities in th ....
Rice and i said, wow, he really wants to pick a fight over this and the next bit of news, he made his defense and then they moved on to another candidate. i m wondering if for this, it seems like he s defending summers as much as he is defending his decision and his legacy. he is going to get in there and say, yeah, this guy is terrible. it s not really surprising. also trying to make the economy exactly. yeah, yeah. so, i don t think it translate his defense as in the case of susan rice. it doesn t necessarily translate to the fact that he s going to pick this guy. matt, you follow this closer than anybody here. what do you think is the shake out of this? who do you think it is going to be? i thought it was going to be yellen all along. went back to the fact that i thought they would have a good sense to recognize that picking summers would cause a huge political blowback. the summers fan club is more powerful and more intense than i had realized. but this came out and i ....
Detailed text transcripts for TV channel - MSNBC - 20130803:13:00:30 comparemela.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from comparemela.com Daily Mail and Mail on Sunday newspapers.