There's little doubt that the Obama administration will continue its relatively accomodative, Wall Street-friendly policies for some time to come, as the still-weak banking system gets coddled back to health.
But it's also true that the administration still has to do more to shed its pro-Wall Street image -- established fairly or unfairly by the likes of Matt Taibbi.
One way to do that would be to start severing official ties with the various Clintonistas that inhabit The White House, most notably economic advisor Larry Summers, one of the most charged figures there is.
Summers is known for being "brilliant," but he's disliked and carries tons of baggage (not to mention that he cost Harvard billions of dollars due to bad bets during his tenure as President).
Now Bloomberg columnist Al Hunt says insiders are grumbling, and Slate's Mickey Kaus wonders if Summers is being "Greg Craiged" -- getting pushed out by anonymous sources, as has happened to Greg Craig earlier this year.
If 2010 emerges as the year of the elephant like so many expect, get ready for a major shakeup, including the end of the line for both Summers and probably Geithner. The policies won't change much, but some fresh blood will like them more palatable.
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See Also:
- Harvard Derivatives Whistleblower: Larry Summers Got Me Fired
- Matt Taibbi Successfully Exposes The Disintegration And Crackup Of The Left
- Matt Taibbi Calls Geithner A Mop-Headed Non-Human
Full story at http://feedproxy.google.com/~r/businessinsider/~3/jK5Abnyhr4s/the-buzz-grows-that-larry-summers-is-toast-2010-1
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