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Jun 18, 2013
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larry, good to speak with you. >> my pleasure. >> larry meyer. so, let's play the game on the desk.ext chairman? >> i don't think anybody on that list. wall street in general has had an awful record of predicting what washington will do. i find it curious that president obama has this interview last evening. i think he's probably taking the temperature of the senate and he doesn't have the vots to get these people in. it's a serve and volley. >> taking the temperature of the senate, are you kidding me? >> he's never taken the temperature on anybody. >> why would he even say anything about the fed? >> because i think the chairman has gone to him and said it's game over for me. i want to return to teaching. he's trying to set that up. he's probably exhausting and people slip up when they're exhausting. i hope it's going to be janet yellin. i hope somebody will hold me to that. she'll be the first chairman. she's a female stud by the way, a brooklyn girl, a brown university yale grad and done everything they've asked her to do. i think there will be a lot of ruffling of feathers the wa
larry, good to speak with you. >> my pleasure. >> larry meyer. so, let's play the game on the desk.ext chairman? >> i don't think anybody on that list. wall street in general has had an awful record of predicting what washington will do. i find it curious that president obama has this interview last evening. i think he's probably taking the temperature of the senate and he doesn't have the vots to get these people in. it's a serve and volley. >> taking the temperature of...
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Jun 18, 2013
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what's your take on this larry meyer thing? do you think obama resents bernanke and wanted to insult him or what? >> absolutely not. like i say, i think this is what bernanke wanted to hear. he wants -- his term is up in january. he wants to leave and to move on to the rest of his life and this was the -- this was basically obama saying he's not going to twist his arm like he did tim geithner and get him to try to stay. i think it was music to ben bernanke's ears. the important thing is this now starts the succession. we're going to be talking a lot over the next few months about who's going replace him. boy, what a tough job that's going to be. >> i want to start right now. a source of mine says today that if you look at the national security team, president obama, he likes loyalists, jon. >> yes. >> he likes loyalists. >> right. >> i know wall street is betting on janet young. she's no loyalist. i don't think they know each other. larry summers is a loyalist. >> right. >> i want to put that name before you because it just occ
what's your take on this larry meyer thing? do you think obama resents bernanke and wanted to insult him or what? >> absolutely not. like i say, i think this is what bernanke wanted to hear. he wants -- his term is up in january. he wants to leave and to move on to the rest of his life and this was the -- this was basically obama saying he's not going to twist his arm like he did tim geithner and get him to try to stay. i think it was music to ben bernanke's ears. the important thing is...
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Jun 19, 2013
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it's like the first thing i agreed ever with larry meyer on.ings and it's weird that he said that. >> i thought larry -- you were closer to the financial times which was not suggesting he was fired, saying he is allowed to go. >> if you read between the lines if you don't say -- we need this -- remember when geithner was going to leave and the president said there is no way that things are too important for the country for you to leave. he felt that way. this guy, we now have a $5 trillion balance sheet. why do you need to talk now in mid sentence. >> continue on. >> go ahead. >> i was going to say if bernanke had come to you as the president, president kiernen and said over several years look, i really got to get out of this. i want to be with my family, i'm sure, if that's what's happening. >> why would he leave before his term was up? i would have been talking him into a second term. if you made this mess and you know all, where all of the bodies are buried and you need to unwind $5 trillion of balance sheet i would want you to do it. >> if
it's like the first thing i agreed ever with larry meyer on.ings and it's weird that he said that. >> i thought larry -- you were closer to the financial times which was not suggesting he was fired, saying he is allowed to go. >> if you read between the lines if you don't say -- we need this -- remember when geithner was going to leave and the president said there is no way that things are too important for the country for you to leave. he felt that way. this guy, we now have a $5...
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Jun 19, 2013
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larry meyer thinks he knows. take a listen. >> in is remarkable and i almost fell off of my chair when i heard the president's remarks last night. he essentially fired ben bernanke on the spot, and gave him a tepid testimonial afterwards, so it is time to really now focus on who is the next chairman and who that might be. >> we should go focusing on who the next chairman might be. >> that is harsh. i don't think that he was fired. >> always important to know the kcon text. >> he tried to back off of that as well in a follow-up question there. >> and he tweeted that he is gone. >> and he could have taken the question and said, done a great job, and next question. >> well, we are always uncomfortable when the president talks about the federal reserve. hey, the guy is doing a great job and sending him south of the border of south carolina, and sending him to have a couple of meals with alan krueger, and go tige tigers. >> well, we have to face the reality that sooner rather than later bernanke is not going to be in
larry meyer thinks he knows. take a listen. >> in is remarkable and i almost fell off of my chair when i heard the president's remarks last night. he essentially fired ben bernanke on the spot, and gave him a tepid testimonial afterwards, so it is time to really now focus on who is the next chairman and who that might be. >> we should go focusing on who the next chairman might be. >> that is harsh. i don't think that he was fired. >> always important to know the kcon...
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Jun 19, 2013
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. >> and that was larry meyer we were listening to. okay. adam, stick around.m you. and stay tuned, as well, cnbc has full coverage of the fed's decision and bernanke's briefing from 20:00 cet, 2:00 p.m. eastern. when we come back, we'll recap today's headlines. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ >>> recap of the headlines, the fed tipped to keep its options open. and alcatel-lucent unveils a cost cutting plan sending stocks higher. and vodaphone has raised its bid to around 85 euros a share. >>> one other story we're following, samoa airlines set to introduce extra large seating to indicator to overweight passengers. those who weigh over 286 pounds, which is a lot of p
. >> and that was larry meyer we were listening to. okay. adam, stick around.m you. and stay tuned, as well, cnbc has full coverage of the fed's decision and bernanke's briefing from 20:00 cet, 2:00 p.m. eastern. when we come back, we'll recap today's headlines. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a...