Comments on: Don’t send Summers to the World Bank http://blogs.reuters.com/felix-salmon/2012/01/18/dont-send-summers-to-the-world-bank/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: traducator romana daneza http://blogs.reuters.com/felix-salmon/2012/01/18/dont-send-summers-to-the-world-bank/comment-page-1/#comment-53398 Mon, 29 Sep 2014 13:53:35 +0000 http://blogs.reuters.com/felix-salmon/?p=11909#comment-53398 continuously i used to read smaller posts which also clear their motive, and that is also happening with this paragraph which I am reading at this time.

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By: kittylynn http://blogs.reuters.com/felix-salmon/2012/01/18/dont-send-summers-to-the-world-bank/comment-page-1/#comment-35197 Sat, 21 Jan 2012 00:53:33 +0000 http://blogs.reuters.com/felix-salmon/?p=11909#comment-35197 Why not Joe Stiglitz?

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By: emm305 http://blogs.reuters.com/felix-salmon/2012/01/18/dont-send-summers-to-the-world-bank/comment-page-1/#comment-35189 Fri, 20 Jan 2012 19:21:21 +0000 http://blogs.reuters.com/felix-salmon/?p=11909#comment-35189 Larry Summers does not deserve this.

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By: WallStRanter http://blogs.reuters.com/felix-salmon/2012/01/18/dont-send-summers-to-the-world-bank/comment-page-1/#comment-35184 Fri, 20 Jan 2012 07:15:15 +0000 http://blogs.reuters.com/felix-salmon/?p=11909#comment-35184 Are they serious? If that is the case you might as well consider their latest “Global Economic Prospects” report the last resemblanc­e of reality to ever come from the organizati­on (not that the IMF or World Bank are known for living in the real world). I was actually surprised that their most recent report actually had shades of reality in it! With Larry Summers in charge you can be sure not even “shades” of reality would be accepted!

http://www­.wallstree­trant.com/­2012  /01/wo­rld-bank-i­ssues-worl­d-rare- rea­lity.html

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By: chris9059 http://blogs.reuters.com/felix-salmon/2012/01/18/dont-send-summers-to-the-world-bank/comment-page-1/#comment-35183 Fri, 20 Jan 2012 04:41:59 +0000 http://blogs.reuters.com/felix-salmon/?p=11909#comment-35183 Having criticized your last post on greek debt default and CDS triggering it’s only fair I note that you are absolutely correct here. Larry Summers might well be the worst possible choice to head the World Bank.

One minor quibble. Summers didn’t get paid millions of dollars to speak his mind at D.E. Shaw. Nobody in the financial world gets paid that kind of money to speak their mind. They get paid to tell their bosses what they want to hear. Summers, like his old boss Bob Rubin, was no exception to this rule,

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By: RightPaddock http://blogs.reuters.com/felix-salmon/2012/01/18/dont-send-summers-to-the-world-bank/comment-page-1/#comment-35180 Fri, 20 Jan 2012 02:28:05 +0000 http://blogs.reuters.com/felix-salmon/?p=11909#comment-35180 The last WB President I had any respect for was James Wolfenson, an Aussie-American

Larry Summers is the worst possible choice Obama could make, Clinton is the second worse choice Obama could make

Give the job to George Mitchell if he wants it, otherwise another Aussie – Peter Costello, a thoroughly decent man and a proven manager of other peoples money – trouble is he’s linked to the wrong party, he’s Burkeian Conservative.

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By: Moopheus http://blogs.reuters.com/felix-salmon/2012/01/18/dont-send-summers-to-the-world-bank/comment-page-1/#comment-35176 Thu, 19 Jan 2012 21:21:18 +0000 http://blogs.reuters.com/felix-salmon/?p=11909#comment-35176 This is true as far as it goes, but there is the assumption that an effective WB president who gets things done is actually a desirable thing. Usually when the institutions like the WB or the IMF actually do anything, it’s with the intent of looting third world nations to profit the oligarchy. (And how many times has Summers already had a hand in this?)

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By: KarenHudes http://blogs.reuters.com/felix-salmon/2012/01/18/dont-send-summers-to-the-world-bank/comment-page-1/#comment-35175 Thu, 19 Jan 2012 21:20:54 +0000 http://blogs.reuters.com/felix-salmon/?p=11909#comment-35175 From now on the US’ nominee is no longer guaranteed to be appointed by the World Bank’s Board to the post of World Bank President. The 187 members of the World Bank and IMF revoked the 66 year old Gentlemen’s Agreement for the US to nominate the President of the World Bank in April, 2010. http://www.imf.org/external/np/cm/2010/0 42510.htm This is because Robert Zoellick has abused his authority and broken the securities laws. On September 15, 2007 I informed Senator Evan Bayh, “[t]he ongoing cover-up is an indictment of the probity of US oversight at the Bank and I would encourage the Senate to request GAO to look into it.” On April 17, 2008 Senators Lugar, Bayh and Leahy requested GAO to investigat­e “internal resistance to increased transparen­cy and accountabi­lity at the World Bank.” http://citizenoversight.com/pdf/blwb.pdf On November 4, 2008 Congressma­n Chris Van Hollen informed me that he noted “that my claims and concerns have already been provided to the GAO…. and to the relevant congressio­nal committees­”. In March 2009 GAO stated that it could not commence the inquiry “because of challenges we recently faced in gaining access to World Bank officials.­” (see p. 24) http://www.foreign.senate.gov/imo/media/ doc/55285.pdf Senator Lugar asked about the delay in the GAO review during hearings on the IBRD capital increase http://www.foreign.senate.gov/hearings/b anking-on-reform-capital-increase-propos als-from-the-multilateral-development-ba nks On January 9, 2012 I asked the Internatio­nal Organizati­on of Supreme Audit Institutio­ns to bring the World Bank into compliance­.

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By: ErikD http://blogs.reuters.com/felix-salmon/2012/01/18/dont-send-summers-to-the-world-bank/comment-page-1/#comment-35162 Thu, 19 Jan 2012 13:32:33 +0000 http://blogs.reuters.com/felix-salmon/?p=11909#comment-35162 I’d agree with Felix’s sentiment here – assuming the runner-up candidate isn’t Jeff Sachs. I’ll take Fat Larry any day over Sachs, who is simply unbearable, as well as one of the 10 most overrated public intellectuals of our era.

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By: junkwaffle http://blogs.reuters.com/felix-salmon/2012/01/18/dont-send-summers-to-the-world-bank/comment-page-1/#comment-35150 Thu, 19 Jan 2012 00:26:55 +0000 http://blogs.reuters.com/felix-salmon/?p=11909#comment-35150 Has someone started a petition to keep this from happening yet? I don’t know the whole skinny on summers, but he seems to be a self obsessed academic who doesn’t play well with others.

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