Summers Successors

Bloomberg's Jonathan Weil has a column noting that Richard Parsons and Anne Mulcahy, whose names have been floated as possible successors to Lawrence Summers as chairman of President Obama's National Economic Council, both served as directors of both Citigroup and Fannie Mae. He writes, "It seems Obama is seeking someone who also has served on the board of directors of at least one company that either had a massive accounting scandal, blew up so spectacularly that it threatened to take down the global financial system, or both."