Quote:
Originally Posted by Ferd
Good point! Giethner has not filled a single slot for those that will be his direct reports. 17(ish)?
I thought Barak Obama was going to "fix" everything?
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March 06, 2009
Not one deputy in place at Treasury (updated)
Rosslyn Smith
If the Department of Treasury seems a shambles, there's a good reason. Besides Secretary Geithner, no one who actually has authority to make key decisions has assumed office.
Critics say part of the problem is that Geithner is flying solo: Not one of his top 17 deputies has been named, let alone confirmed. And without senior leadership, lower-level Treasury employees can't make decisions or represent the government in crucial conversations with banks and others.
The keyboard was still warm from typing the above story when news came that one person who was being considered had withdrawn from consideration. .
Annette Nazareth, a former senior staffer and commissioner with the Securities and Exchange Commission, made "a personal decision" to withdraw from the process, according to a person familiar with her decision.
I can't blame her. Taking a pay cut to put Team Obama/Geithner on the resume isn't likely to pay off down the road. Even members of the Obama team are growing restless.
Among the harshest critics of Treasury's leadership vacuum is Paul Volcker, an Obama economic adviser and former Federal Reserve chairman who last week called the situation "shameful."
http://www.americanthinker.com/blog/...ce_at_tre.html