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Who might not be the next Fed Chairman a lot of talk about than it did Jennie on the what a Larry think -- a black Barack Hussein it could be.
And not a bad choice you know ran ran the Treasury Department black rock as -- -- is very -- of the Treasury Department.
And at least that's what -- -- friends on the streets of this kind of breaking news.
I still think it's -- What do you think Alan Blinder a Princeton professor at -- -- why here from certain source life -- him.
Well he's extremely experienced he's an economist see he's had a great record are about to -- hear about but you -- saying you think that Tim Geithner will not done with the public arena you know it and Larry is willing him to black rock.
The question is does he go back to defend I think you know.
If I'm -- -- want to make a lot of money but you know being the chairman of the Federal Reserve.
Not bad -- if I was chairman of the Fed.
-- -- are not -- I just say something about Timothy Geithner of course.
Tim think Geithner has only ever worked in the public sector right brief time with Kissinger associates early in his career cared for -- -- for the IMF fed.
New York Fed Chairman.
-- I should point out I mean -- if you think about it on paper I mean he's I I don't know if he's a classically trained economist he took economics at Dartmouth.
You know he knows the economy pretty well but if you look at on paper.
It ain't a bad choice right you got all those things you know the markets right the Fed is basically controlling the markets right now.
If the markets are worried about somebody coming in there you know screwing things up -- the dice you know.
It's not tapering back QE3 but maybe cutting back dramatically.
This ain't a bad guy and he does have conference the markets -- said.
You know a lot of people think Janet Yellen is in the pole position but I will tell you this -- -- about Larry thank when he tells you not to rule out.
Tim Geithner we should point out that is close ties and Obama administration.
We should also point out that he's -- -- Tim Geithner he's willing him to come to black rock when he saying that.
You know and he still associates this you've got to give it some credibility this guy is at least at least.
Up there in the running in a very major way now we'll see what happens.
-- Obama signaling he's gonna choose somebody else pretty soon that Ben Bernanke after this year is done we kind of knew that that this was this was it.
-- -- -- Kind of an interest in choice if -- -- if if if you're if you're Obama and remember one thing about Obama he likes Geithner.
Yeah -- all that together I mean I don't know he probably likes Janet Yellen as well but -- just saying he really likes -- -- stuck with them so much as fit as as Treasury Secretary.
You know and Larry think -- -- OK -- and I heard I heard Alan Blinder but again clearly what all of -- blinder.
Well that mystify me a little bit old but as a Princeton economist has sort of been the -- it in the Phillies in the Geithner being Bernanke fame -- -- -- Bernanke fame and he's he's highly respected he's very serious -- that he's.
Guest on the show right and -- we liked him very Smart we'll say.
Was how liberalism -- -- I have no idea I would I think what's good about Geithner is.
I don't know it mean I -- -- -- I think he's very good Treasury Secretary but.
I know his instincts are much more moderate and then then president Obama's.
And I think that would help them as Treasury Secretary I think -- Janet Yellen is already in branded as.
Maybe someone -- you know likes to print money he's made maybe more to the left.
And you know I mean I just you -- listen here's the thing I mean the markets I'm sorry Larry Fink has been mentioned is that what your -- now.
Larry Fink is on the short list thoughtful.
Maybe this is like I think by Larry I think the put out Geithner is going so he gets it it's a lot I think want to -- federal -- Treasury Secretary.
There's no way Larry thanks and be Fed Chairman I mean listen Larry is a Smart guy.
We should I think he has a degree in history they're not gonna pick up a Wall Street company you know he created mortgage backed security.
He Lou Rainier today so I just I -- -- he knows about markets obviously but I just doubt that he's the choice.
Listen I think it's between -- and I think he -- the pole position but -- everything goes around tell people it's Geithner.
You know or could be guided don't rule him out to me that means.
He's and he's got some insight from the government and you know Obama goes and people -- -- Chuck Hagel like them personally.
-- -- -- Susan Rice you know like sir.
She's -- which you know by every.
He sticks with people he likes a means I don't pretend to grow and has -- good people hate but I mean.
That is kind of a -- for him let's let's just quickly.
Talk about the Detroit story that you have quite well.
I mean I've studied it -- -- you know -- is there another Detroit out there have been talking to a lot of analysts.
Is this a one off -- is this Meredith Whitney east you know prediction come true is this the beginning.
What she said three years ago that I hope -- billions hundreds of billions of dollars in the -- I don't know that you take this for what it's worth I'm getting this from a from analysts and -- potential to rapidly to tell you this but you know what I think this is pretty good information they think this is a one off.
-- not tell I don't think he.
With the with the Smart money is saying is don't soul you Muni debt because of this.
This is you know different plate you know there's different -- markets are all different Detroit has been the BSE case for many years of bush -- -- what -- -- Michigan bonds might pay a penalty for this right but that doesn't mean everybody else --
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