Ms. Coakley, you may recall, is the Democratic candidate who was far out ahead of Republican Scott Brown in her race for the U.S. Senate when she pretty much disappeared from the campaign trail, apparently taking her victory for granted. That's what made Scott Brown the U.S. Senator from Massachusetts.
Much as the president has defended Summers when his name seemed to be the leading candidate, Summers said that were he to be nominated, the process would turn acrimonious and be bad for the Fed. I don't know all that much about the high end of such money issues, but my perception is that not only his nomination but Summers himself would have been bad for the Fed.
Best article title of the year. By Joan Walsh in Salon: "Why Larry Summers Was Not Too Big to Fail."
Side Note: Year's ago, I was invited to a friend's parents' house for dinner to break the Yom Kippur fast. After dinner, to make the meeting more lively, several people entertained a bit. One was Grace Kahn, whose husband Gus, had written (among many legendary songs) the classic "Makin' Whoopie." At the age of 85, when she sang the song, it was the most slyly sensuous version of the song I'd ever heard. And also performing was a fellow named Bernie Wayne, who sat at the piano and sang his best known song -- "There She Is, Miss America."
At some point, climate deniers will get their heads out of certain dry, protected orifices and quit laughing about "global warming" and realize that the phrase is "climate change" and that the climate is changing.
By the way, a massive typhoon is about to hit Japan and 260,000 people have been evacuated. But that doesn't count because they're not Americans. Though if they were Americans, it probably wouldn't count for climate change deniers either. Because science isn't real.