Prof. Painter Quoted in Bloomberg News on Potential Nomination of Lawrence Summers for Fed Chairman

Professor Richard Painter was quoted in a Bloomberg News article on the potential nomination by President Obama of former Harvard University President Lawrence Summers to replace Ben Bernanke as Chairman of the Federal Reserve. Painter, who vetted Bernanke for President Bush in 2006, told Bloomberg that Summers' Wall Street ties are typical for potential appointees to financial regulatory posts and that his experience is "the type of training that you want" for the position.