Here is my own list of top contenders:
- Tim Geithner, President of the Federal Reserve Bank of New York; believed to be a Democrat.
- Jon Corzine, Democratic Governor of New Jersey, former U.S. Senator, and former CEO of Goldman Sachs.
- Jamie Dimon, widely-respected CEO of JPMorgan; a financial contributor to many Democratic candidates.
- Larry Summers, Harvard economist, former President of Harvard University, and former U.S. Treasury Secretary under Bill Clinton.
- Paul Volcker, the best Fed Chairman in history; Alan Greenspan's predecessor; appointed under Carter and reappointed under Reagan. He's the guy who ended the stagflation of the 1970s. Being a decade older than John McCain, his biggest obstacle is his age.
Posts
All are incorrect. Easy choice
ReplyDeleteGreg Mankiw. That would be a great choice with a Harvard and youth connection.
http://gregmankiw.blogspot.com/
Perhaps McCain would have chosen Mankiw, a Republican, but Obama is unlikely to.
ReplyDeleteVolcker or Sumners
ReplyDeleteI don't think Obama is unlikely to pick him because he is a repub. It is widely thought that he will have at least one repub in a visible cabinet seat just to show bipartisanship goodwill.
ReplyDeleteTim Geithner:
ReplyDeleteHAWTNESS!! Oh yea, since he has been at the FED, he has expressed a "generic" concern about Wall Street casino-leveraging and the lack of regulation to curtail it. Like many on the FED, he's somewhat of a deficit hawk, which is good, but what does that even mean anymore? He has always been tough on China (as possible; remember they own us!)
I know, some people blasted him for assisting with the Paulson &Co "hurry-up bailout" of Bear Sterns/Morgan Stanley - widely panned as a costly "piece-meal" solution to a global problem. But, really, he who HASN'T opened the US FED Reserve "window" to be pilfered by a private corporation weeks before it becomes insolvent, cast the first stone. Right?
So, WIN!
Based on what he's written on his blog over the years, I bet Greg Mankiw would recommend his Harvard colleague, Larry Summers.
ReplyDelete