November 06, 2008

Bloomberg : Emanuel accepts COS spot, Bair at FDIC

PhotobucketPer Bloomberg, Rahm Emanuel has accepted the position of Chief of Staff in the Obama Administration.

In other Obama Admin news, Rep. Frank is saying that FDIC Chair Sheila Bair will play an important role in the Administration which comes as very good news.

As for Treasury, former Secretary Bob Rubin has declined to return to the department he ran so well in the 90's. Instead...

The two leading contenders for Treasury secretary continue to be Lawrence Summers, who held the post in Clinton's Cabinet, and Timothy Geithner, president of the New York Federal Reserve bank.

I don't like Larry Summers and never have. Geithner would be a great choice but given what he's gone through over the last year as NY Fed President have probably forever turned him from government service.

Posted by mcblogger at November 6, 2008 11:42 AM

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