I don't support Summers for Fed Chair, but he has stated in the past that deregulation was a mistake. Summers is a very good economist - it's not as if he's the head of the Heritage Foundation.
New blood, man. Not a connected, Ivy league ass sucker like Summers. More focus on full employment not just price stability. Bernanke has all but admitted that he's been weak in this area. And since Congress can't even agree that the sky is blue, the position of Fed. chair is critically important as we continue slogging ahead in this weak growth environment.
New blood? Who other than Stanley Fisher is going to be "new blood" at the Fed? As for "Ivy League ass sucker", Summers does have a PhD from Harvard, but his position as Harvard President was compromised precisely because he wasn't an "ass sucker". Jingoism is not argumentation.
I think you mean ad hominem attacks or bitchslapping. He was not very well liked at Harvard because...he's kinda unlikeable. Everywhere he turns though he has backers so I'll give him credit for always landing on his feet. It's what those Ivy connections can be very good for.
Dixon knows that size matters: http://blogs.wsj.com/moneybeat/2014/05/12/banks-size-counts-more-on-ceo-pay/
Surprise! wells fargo sued for predatory practices.. http://www.usatoday.com/story/money...suit-fraudulent-conduct-las-angelas/26925725/