I was very happy to hear, this morning, that Larry Summers has withdrawn his name from consideration for Fed Chairman. I was shocked; I figured, with Obama liking him, that he was a shoo-in.
I did hear about the three Dems on the Senate Banking committee expressing serious reservations about him, but I didn't think it'd be enough to derail him. Certainly not so quickly.
Anyway, this is fantastic news. Now we might not get a Wall Street insider in charge. That would be a huge change for the better. It seems that the current Vice Chair, whose name escapes me now, is the most likely candidate.
I don't know a lot about her, but I did see a comparison of their records on various issues, and she was much better. So maybe there's hope.
Oh, and I can't find it now, but Bernie Sanders (one of those three, from Vermont) had a fantastic remark about how bad a choice Summers was. I was amazed to hear such a direct rebuke. Good times.