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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Yves Smith</author_name><author_url>https://www.nakedcapitalism.com/author/yves-smith</author_url><title>Why is Obama So Keen to Appoint Larry Summers to the Fed?  | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="LiR9KCd05n"&gt;&lt;a href="https://www.nakedcapitalism.com/2013/08/why-is-obama-so-keen-to-appoint-larry-summers-to-the-fed.html"&gt;Why is Obama So Keen to Appoint Larry Summers to the Fed?&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2013/08/why-is-obama-so-keen-to-appoint-larry-summers-to-the-fed.html/embed#?secret=LiR9KCd05n" width="600" height="338" title="&#x201C;Why is Obama So Keen to Appoint Larry Summers to the Fed?&#x201D; &#x2014; naked capitalism" data-secret="LiR9KCd05n" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>Felix Salmon pointed out today that Larry Summers is now being touted as the odds-on favorite (65%, to be precise) to be Obama's nominee as the next Fed chief. Felix stresses that Obama's reason for favoring Summers is based on the sole criterion on which Summers could conceivably be depicted as preferable to the other widely-touted contender, Janet Yellen: he is believed to be better than Yellen would be in handling a crisis.   Felix kneecaps this argument:</description></oembed>

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