BizJournals Portfolio
Home >   Business Views, Opinions and Blogs >   Business Blogs >   Market Movers >  

Summers Vs Volcker

Market Movers

by Felix Salmon
Main
Why Live Nation Shouldn't Merge With Ticketmaster   Sachs's Nationalization Idea

Recent Blog Posts

Links

Feb 05 2009 10:05am EDT

Summers vs Volcker

I didn't like the idea of appointing Larry Summers to be Treasury secretary, largely because he's bad at politics. And given his jealous and petty spat with Paul Volcker now that he's running the National Economic Council, the decision to deny Summers the Treasury job looks even better:

Volcker, 81, blames Obama's National Economic Council Director Lawrence Summers for slowing down the effort to organize the panel of outside advisers, the people said. Summers isn't regularly inviting Volcker to White House meetings and hasn't shown interest in collaborating on policy or sharing potential solutions to the economic crisis, they said.

Are we already running into a too-many-cooks problem in the Obama economic team? Having lots of smart people on board is only going to work if they can play nice with each other, and be, well, collegial. The former president of Harvard should be able to work that one out.

. □

blog comments powered by Disqus
Real Business, Real Results
Out of the 'Family'

Did anyone at Microsoft ever watch the (gasp!) offensively funny show Family Guy?

Cruz Missile Lands

Ex-Morgan Stanley exec Zoe Cruz is now heading her own hedge fund. Are Wall Street's leaders done?

Scandal Chic

Martha, Bernie and Skilling know that what you wear for court can go a long way in public perception.

spotlight on

Health Care

Bad to the Bone No More

Companies such as General Mills say they're stepping up efforts to change employees' bad behavior and promote healthier lifestyles. Read More