Rick McGahey is a top contender for the job of chairman of Given Summers ' . Larry Summers : Summers was part of this public relations strategy -- a glittering ornament to lure in investors . Given Summers ' track record , he is unlikely going to be a tough regulator . He says Summers supported deregulation of banks and higher pay for financial executives . Given Summers ' : We need a fierce regulatory watchdog at the the Federal Reserve , not a lapdog of the banks .
Rick McGahey is a top contender for the job of chairman of Given Summers ' . Larry Summers : Given Summers ' track record , he is unlikely going to be a tough regulator . He says Summers supported deregulation of banks and higher pay for financial executives . Given Summers ' : We need a fierce regulatory watchdog at the the Federal Reserve , not a lapdog of the banks .