Nazareth Said to Withdraw Name for Deputy Treasury Secretary

Source: Bloomberg


Nazareth Said to Withdraw Name for Deputy Treasury Secretary

By Robert Schmidt

March 5 (Bloomberg) -- Former U.S. Securities and Exchange Commission member Annette Nazareth has taken herself out of the running to be deputy Treasury secretary, according to people familiar with the matter.

Nazareth, who hadn’t yet been nominated, grew frustrated at the length of the selection process and was concerned that her SEC work would be assailed at Senate confirmation hearings, the people said. Before becoming a commissioner, Nazareth was head of the SEC’s market regulation division where she helped design an oversight regime that has been criticized for missing Wall Street’s excessive risk taking.

Nazareth’s withdrawal is a setback for Treasury Secretary Timothy Geithner, who’s without any confirmed deputy or undersecretaries as he grapples with the global financial crisis. Asked about staff recruitment efforts this week, Geithner didn’t indicate any imminent nominations.

“We’re making some progress and we’ll -- we hope to come up for the committee soon with a full slate of very strong people,” Geithner said in a hearing yesterday before the Senate Finance Committee. “We’re doing this carefully as you would expect and you know trying to make sure that we have the best talent in the country, frankly.”



Read more: http://www.bloomberg.com/apps/news?pid=20601087&sid=amhxe9cbRQ5M&refer=home

smoking?

dd

was another bad choice...Geithner being the first.

That's how he rolls.

The last thing we need is more anti-regulatory sociopaths linked with the administration.

Take a load off Annette

Take a load for free.....:D