Sen. Elizabeth Warren Mocked Larry Summers as Eva Peron in 2009, Backs Janet Yellen

[kpete]

Sen. Elizabeth Warren Mocked Larry Summers as Eva Peron in 2009, Backs Janet Yellen to Head Federal Reserve

MARK KARLIN, EDITOR OF BUZZFLASH AT TRUTHOUT

warren468 10Sen. Elizabeth Warren (D - Massachusetts) is publicly supporting Janet Yellen, current vice chairwoman of the Federal Reserve, to head the agency. This puts her at odds with those within the White House, including allegedly President Obama, who back Larry Summers to chair the Fed, although she has not officially opposed Summers.

Thus far, there has been no nomination, just mainstream media rumors of the White House tilting in favor of Summers.

According to an article in the Boston Globe on August 8, Warren openly mocked Summers in 2009 at Reagan National Airport:

Warren criticized the Obama administration for not cracking down on big banks, and she compared his advisers — including Summers specifically — unfavorably to a country in South America that decades ago used government funds to try to prevent banks from going under.

“Tim (Geithner) and Larry’s whole plan is just like Argentina in the 1980s,” Warren told author Ron Suskind in September 2009, while he was working on “Confidence Men,” a book on the aftermath of the financial collapse. “There was this giant hole marked ‘Banks’ and the government just dumped money in that hole, as much as they had, while they lied about it. That’s what Larry thinks: that the US is Argentina!”

While Warren and Suskind were waiting at a terminal in Washington’s Reagan National Airport, Warren began to sing, “Don’t Cry for Me, Argentina.” Several started to applaud, and she modified the verse, with Summers in the role of Eva Peron.

“Why not?” Warren said with a laugh. “He might understand things better as a woman.

http://www.bostonglobe.com/news/politics/2013/08/06/battle-over-fed-chairmanship-adds-new-complexity-relationship-larry-summers-and-elizabeth-warren/bX36xfpxP4YkTLCE1PCRkN/story.html

MORE:
http://www.truth-out.org/buzzflash/commentary/item/18134-sen-elizabeth-warren-mocked-larry-summers-as-eva-peron-backs-janet-yellen-to-head-federal-reserve

[Scuba]

1. I hope this is true.

[daleanime]

2. I hope it has a positive effect on the White House....

I don't like the idea of Summers back in.

[Hydra]

3. LMAO

She comes with a snarky sense of humor on top of being smart, savvy and has great media presence? Watch out 2016

[adirondacker]

14. Nice description! She's a ray of sunlight that gives me a bit of "Hope".

[Cali_Democrat]

4. So Warren is backing Wall Street?

http://www.cnbc.com/id/100917426

Wall Street wants Yellen, not Summers, as next Fed chief

Wall Street overwhelmingly believes President Obama will and should pick Janet Yellen to be the next chairman of the Federal Reserve, according to a survey.

Preliminary results of the CNBC Fed Survey for July show 70 percent of the 40 participants who responded believe Obama will pick Yellen, currently, the Fed's vice chair, to replace current Chairman Ben Bernanke, whose term is up in January.

Just 25 percent believe it will be the former Treasury Secretary Larry Summers.

[Mass]

6. Count on CNBC to write bad stories. This sample has 40 people answering. 20 said they wanted

Yellen. 20 people becomes overwhelmingly?

[Cali_Democrat]

8. Surveys are done using samples. There aren't a lot of folks to survey.

This one seems legit and makes sense. You would think Wall Street wants to keep the status quo. Yellen will do the same as Bernanke.

I don't like how Warren backs Yellen. She's a Bernanke clone

Frankly I don't want either Yellen or Summers.

[Enthusiast]

20. CNBC has zero credibility.

Last edited Fri Aug 9, 2013, 07:08 AM - Edit history (1)

That is all.

[rhett o rick]

29. And who do you support? nm

[Cali_Democrat]

30. General Alexander

[rhett o rick]

31. How clever you are to avoid committing yourself. Why are you afraid to

join in discussion other than those defending Obama or attacking perceived Obama enemies?

Have you no opinions on the TPP, XL Pipeline, how about fracking? Larry Summers http://www.democraticunderground.com/1014560337

Here's an excellent discussion on water, but not one single Obama defender in the discussion. Why is that? Is there a common agenda?
http://www.democraticunderground.com/10023406830

[Cali_Democrat]

32. Alexander would make a great Fed chairman

I'm also flattered you would like me to post in many different threads on DU.

Thanks.

[rhett o rick]

34. You dont have to convince me of your true loyalty. I find it interesting that you include

"Democrat" in your name. Who are you trying to convince? Yourself?

Seems to me that those here that refuse to identify their principles (what are you afraid of) and refuse to discuss the issues of the day, may not meet the "politically liberal" requirement for this sight.

Why dont you discuss issues of the day? Afraid to without White House talking points?

[Cali_Democrat]

35. Correct

My talking points haven't arrived yet. Once they do, I'll be sure to let you know.

[MannyGoldstein]

9. I'm sure the sampling was very, very scientific

LOL

[Half-Century Man]

25. I didn't read it like that...

...28 out of 40 people thought Janet Yellen is likely Pres. Obama's top choice, and perhaps the best choice. Okay, but the sample group included traders, economists, and strategists. Any of whom might favor regulation for whatever reasons. So, the automatic assumption that Yellen will not be effective is somewhat flawed.

[Mass]

5. So Warren joins half of the Democratic senate caucus in supporting Yellen? Good for her. Good for

the other ones, starting by Sherrod Brown who circulated the letter.

It is sad to see that the media need to put this as a personal story and imply payback (he did not support her so she does not support him).

[MisterP]

7. more like Isabel Peron...

[hrmjustin]

10. K&R!

[pnwmom]

11. I wonder if that was part of why Summers opposed her nomination for the Consumer Protection agency?

I love Elizabeth Warren, but mocking him might not have furthered her career.

[Egalitarian Thug]

21. He's a ruling class boob that lives in constant fear that people will discover that

he doesn't know wtf he's talking about and has been wrong his entire life.

Senator Warren has the temerity to point it out and call him on his BS, so he has used his position to fight her every step along the way. Unfortunately for him, he is an idiot and she's a dedicated genius. Think of the shrub, but being from a family several steps down the ladder, that's Summers.

Now, if we could just get a President that isn't afraid to admit reality and who actually wants to work for the greater good, it would be a great step in the right direction.

[eilen]

27. Well, Summers is a known misogynist and arrogant prick. nt.

[MannyGoldstein]

12. I love my senior Senator

That is all.

[Oilwellian]

24. You are so lucky...I'm jealous

Kick

[paleotn]

33. Same here.....

...our junior blue dog is....eh? As for our senior, Mr. Burr, what can I say?

[NYC_SKP]

13. Recommended. (nt)

[Jack Rabbit]

15. Anybody but Summers or any other Republican

[DeSwiss]

16. Only a shit-4-brains would nominate Larry Summers.....

...to any damned thing.

- He looks like a shoo-in.

K&R

[Unknown Beatle]

17. If Yellen

is the popular choice, of course Obama will nominate Summers. It's not what we want, it's not who we want, it's who and what the PTB want.

[SleeplessinSoCal]

18. Something's fishy. Eva Peron was long dead in the 1980s. "Evita" was on Broadway though.

Does this sound like Warren?

[summer-hazz]

19. aIts Warren all

the way for me. She has done no wrong in my eyes!!!

Warren~2016

[dbackjon]

22. Go Elizabeth!

[blackspade]

23. Warren rocks.

[Zorra]

26. knr nt

[Tom Ripley]

28. Warren will make a great President