Yesterday, Larry Summers — former Harvard president and lauded economist — announced he will leave his position as the head of the National Economic Council at the end of the year. Cue the rabid speculation over who might replace him.
Larry Summers, the head of the National Economic Council and an adviser to President Barack Obama, is stepping down at the end of the year.
A trusting Congress might be setting itself up to be burned again.
Last week, even as he introduced legislation to bolster Washington oversight of the Wall Street bailout, Rep. Barney Frank (D-Mass.) all but proclaimed his own proposal unnecessary.
“It doesn’t have to be enacted,” Frank, who chairs the House More…
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