Prof. Painter Quoted in New York Times on Lawrence Summers's Candidacy for Federal Reserve Chairman

Professor Richard Painter, a former chief ethics lawyer for President George W. Bush, was quoted in a New York Times article on former Harvard President Lawrence Summers's candidacy for nomination by President Obama as Chairman of the Federal Reserve. Painter predicted that Summers's work in finance would not derail his nomination or confirmation, saying that the United States has recently "had two secretaries of the Treasury, which is a regulatory position, who were chairmen of Goldman Sachs." Painter noted that if Summers became Fed chairman, he would have to fully divest himself of all interests in the financial companies he works with.