According Dylan Ratigan, it’s widely believed that Larry Summers is at the top of the list. What does that mean for the Street?
“I don’t think Larry Summers’ bag of tricks will be any different than Hank Paulsons,” says CNBC’s Steve Liesman on Fast Money. In other words Summers basically agrees with the prescriptions made by the Bush administration.
Karen Finerman, however, thinks he could put the Street at ease. “He was there during the Asia crisis and did a fine job.”
“In terms of Geither, he’s one of Bernanke’s first lieutenants,” reminds Liesman. “He would be sorely missed by the Fed if he’s selected.”
What do you think? Tell us now!
As for other cabinet appointments, we found a few reports suggesting who else might be on tap. We thought you’d find them interesting.
The Associated Press reports that Obama had offered Rep. Rahm Emanuel, D-Ill., the job of White House chief of staff, but it was not known whether he has accepted.
And ABC News reports that Obama has added Arizona Gov. Janet Napolitano, former Clinton Transportation and Energy Secretary Federico Peña, and former Clinton Commerce Secretary William Daley to his transition team.
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Trader disclosure: On Nov.5, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (BTU), (GS), (MSFT), (INTC), (NUE); Macke Owns (WMT), (MSFT), (DIS), (UUP), (SDS); Pete Najarian Owns (BNI) Puts: Pete Najarian Owns (CHK) Call Spread; Pete Najarian Owns (YHOO) And Is Short (YHOO) Calls; Finerman's Firm Owns (UFS), (MSFT); Finerman's Firm Owns (OIH) Puts; Finerman's Firm Is Short (WFC), (IYR), (IJR), (IWM), (SPY), (USO), (MDY), (GNK)
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