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


elizabeth warren banks

Your Daily Dose of BuzzFlash at Truthout, via my pal Mark Karlin:

Sen. 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.”

Summers, according to the Globe, in turn privately (but not publicly) opposed Warren to head the Consumer Financial Protection Bureau...

Please read the entire post here.