Lawrence H. 'Larry' Summers, former U.S. Treasury speaks during a financial and economic event at the London School of Economics (LSE) on March 25, 2013 in London, England. The European Union's decision to recapitalize Cypriot banks by inflicting losses on depositors and senior bondholders is triggering investor concern about the knock-on effects for bank funding across the region. (Photo by Jason Alden - WPA Pool/Getty Images)

Obama's Larry Summers problem

ANALYSIS - If President Obama picks Larry Summers as the next chairman of the Federal Reserve, as he is considering, the president and his advisers should communicate a very compelling case explaining why they chose someone with such obvious negatives...