Posted on 02/15/2012 10:07:52 AM PST by ColdOne
Secretary of State Hillary Clinton and Larry Summers, former Treasury Secretary and ex-Obama economic adviser, have been floated as candidates for the post, according to a recent Bloomberg report. The job does not require Senate confirmation.
The Washington, D.C.-based organization—which loans billions of dollars to developing countries—has been a plum assignment for political insiders since its creation after the end of World War II. The most recent presidents both hailed from the administration of George W. Bush. Zoellick, the former deputy secretary of State, replaced Paul Wolfowitz in 2007.
Wolfowitz, who was second in command at the Pentagon, resigned from the World Bank after giving questionable pay raises to an employee who was also his girlfriend. Other prominent former World Bank presidents include Robert McNamara, who as Secretary of Defense in the 1960s was an architect of the Vietnam War.
(Excerpt) Read more at politico.com ...
Fits, doesn’t it?
Neither has any abilities that could be correlated with the position...so it sounds like an ideal “progressive” pick to me.
Talent? Obama don’t need no stinkin’ talent - for himself or his minions.
Why are we loaning money to developing countries, when we are borrowing money ourselves?
I know that is a dumb question, but if I were borrowing money to stay alive I would not be loaning that money to
someone else.
Just to make a point of order here, Doesn’t the word Loan, mean that at some time thos money will be repaid? What is the repayment schedule for these developing countries?
Not that it would matter. He would simply declare them to be in recess.
After what both of them have accomplished for their past employers, think of how they could help the world..sarc
Larry Summers, Harvard financial genius who drove their endowment fund into a ditch, then became obama’s top economic advisor and drove the US economy into a ditch
or Hillary, the queen of pork bellies and real estate scam looter of S&L’s, imagine her traveling the globe with her lapdog Huma
These people are SHAMELESS
I’m just surprised they havent mentioned Jon Corzine to run it- he must be hiding under a rock until after obama re-election
Pig in a Pantsuit to the World Bank.
UN believable.
Why not? He knows how to get favorable mortgage rates
Well how’s 70 million to Vietnam for a hoax program to start...World Bank using our money to further the Climate cahnge/Carbon mumbo jumbo...and the First lucky one is Vietnam!
Vietnam – ‘First Climate Change Development’ Policy Operation Program
WASHINGTON, February 2, 2012 - The World Bank’s Board of Executive Directors today approved the following project:
IDA Credit: US $70 million equivalent
Terms: Maturity = 25 years Grace = 5 years
Project ID: P122667
Project Description: The objective of this program is to support the Government of Vietnam in addressing climate change issues by adopting policies and strengthening institutional capacity to promote climate resilience and lower carbon intensity development. Vietnam is one of the most vulnerable countries to the effects of climate change, in particular to floods, storms, and sea-level rise.
The objective of this $70 million dollar American tax paid program is..” to support the Government of Vietnam”....
Go figure!
It’s likely to be HILLARY. She has always wanted to run The World Bank.
And look for JOHN KERRY to replace her as Sec of State.
Remember the crowd we are dealing with here, folks.
Obama to fill World Bank vacancy.Going to be a lot of money missing when the audit happens.
Wonder what country Obama will be in at the time?.
It will be Clinton.
This eliminates the most likely competition to Obama’s re-election.
Why not Tax Cheat Timothy Geitner?
There goes 70 million down the toilet.
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