Let's not repeat mistakes at the Fed!

It cost us too much last time with Larry Summers!  

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Tell President Obama to not appoint Larry Summers as Federal Reserve chair

With Ben Bernanke stepping down, President Obama is rumored to be selecting Larry Summers as the new chairman of the Federal Reserve.

As Bill Clinton’s Treasury secretary, Summers pushed the deregulation practices that caused the 2008 financial crisis.

With this appointment, Obama would effectively reward the Wall Street bankers who played Russian roulette with our economy.

As Harvard president, Summers suggested that women lacked the aptitude to be scientists or engineers. Appointing him to a position that has never been held by a woman would send a terrible message.

Sign our petition requesting that President Obama not appoint Larry Summers as Federal Reserve chair, and consider instead appointing a more qualified woman, such as Deputy Chair Janet Yellen.

Dear President Obama:

It is unconscionable that Larry Summers—an architect and cheerleader for the financial deregulation that ruined our economy—would be appointed chairman of the Federal Reserve.

Please do not appoint him, and instead consider this an opportunity to shatter a glass ceiling by appointing a qualified woman to this powerful position.

 

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