Obama Nominates Three for Assistant Treasury Secretary Posts

[Frank Booth]

Source: Bloomberg

President Barack Obama will make nominations for three assistant secretaries of the Treasury, where Secretary Timothy Geithner’s efforts to revive the economy have been hampered by vacancies in key posts.

Alan Krueger is the choice for economic policy, the White House said in a statement. David Cohen will be assistant secretary for terrorist financing and Kim Wallace for legislative affairs. Each currently serves as counselor to Geithner.
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Krueger, the nominee for economic policy, is a professor of economics and public affairs at Princeton University. He previously served as chief economist at the Labor Department.

Cohen until recently was a partner in the Washington law firm WilmerHale, where he focused on complex civil litigation, white-collar criminal defense and anti-money laundering counseling. He previously worked in Treasury as acting deputy general counsel and associate deputy general counsel.

Wallace was a managing director at Barclays Capital and head of its Washington Research Group. Before that he was a managing director at Lehman Brothers Inc. Wallace also worked as a legislative aide specializing in fiscal policy for then-Senate Majority Leader George Mitchell and as an analyst on the Senate Budget Committee.

Read more: http://www.bloomberg.com/apps/news?pid=20601087&sid=adzxVBoVhvLE&refer=home

[Median Democrat]

1. Obama and the Senate Really Need to Pick Up The Pace

Also, who is going to be the new Chief Deputy?

[Frank Booth]

2. I almost missed this bit at the end of the article:

"The Treasury is aiming to publish more details on its $1 trillion plan to remove distressed mortgage assets from banks’ balance sheets within the next two weeks. Obama has also ordered his economy team to help form legislation to overhaul U.S. financial rules within weeks."

At least that pace sounds ambitious, though Treasury hasn't given us many reasons to be hopeful so far.

[Rosa Luxemburg]

3. Obama is doing very well so far

what a thing to faced with in one's first few weeks of office. He has a fine team. I don't think the country could get any better!

[kestrel91316]

4. Why the heck do we have an "assistant secretary for terrorist financing"?

In the Treasury Dept? I mean, there's that MIHOP thing and all, but......

:wtf:

[rollingrock]

5. We need to create terrorists

to keep our military and intelligence agencies busy chasing an enemy so they have an excuse for their massively overbloated respective budgets. See how that works? Kinda neat, eh?

:sarcasm:

[stillcool]

6. Maybe he knows where..

all the money went. Of course I mean our own terrorists.

[Name removed]

9. Deleted message

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[Frank Booth]

7. I'm sure Al Qaeda's hurting from the bad economy as much as anyone else, but

(call me crazy) I'd rather not have my tax dollars going to finance terrorists.

[earcandle]

8. me either