The knives are already out for Larry Summers

The title of this Salon article pretty much says it all “Larry Summers will destroy the economy (again)“. As inflammatory as that is, it appears to have been quickly altered from the original title, which was a downright nasty “Sexist Larry Summers will destroy the economy.”

Aside from the vitriol, they confirm other reports that Summers is the favorite.

Multiple sources confirm to Salon that the White House is leaning toward choosing Larry Summers to replace Ben Bernanke as the Chairman of the Federal Reserve.

The problem they have with him is his track record on financial deregulation. It’s a good point; maybe the trade to make is buying financial stocks if he’s nominated.