Leaked Podesta Email Reveals Why Larry Summers Did Not Become Obama’s Treasury Secretary

Jon Alternative Media, Blogosphere, Economy, Fiscal Policies, Government

Three years ago, a very unhappy Larry Summers conceded that he would not become Fed Chair when he withdrew from the running to become Ben Bernanke‘s replacement on September 15, 2013, following some dramatic pressure by the press and numerous liberal economists. However, we now know that that was only the most recent of Larry’s disappointments. According to one of the Podesta emails released today, it appears that America was this close to having Larry Summers as the appointed replacement to Hank Paulson as Treasury Secretary by the Obama administration in 2009. However, that did not happen as a result of what may have been a letter from the late powerful corporate lawyer Bob Pirie, founder of Skadden Arps, who on November 7, 2008 wrote an email to John Podesta by way of Harold Ickes, explaining why Obama should pick Tim Geithner or Paul Volcker, and not Larry Summers.
From the leaked Podesta email:

This post was published at Zero Hedge on Oct 20, 2016.