Third Top Treasury Pick Withdraws From Consideration

[babylonsister]

Third Top Treasury Pick Withdraws From Consideration

March 12, 2009 2:31 PM


Democratic sources say that H. Rodgin Cohen, a partner in the New York law firm Sullivan & Cromwell LLP, and the leading candidate for Deputy Treasury Secretary, has withdrawn from consideration.

It's the third withdrawal of a top Treasury Department staff pick in less than a week.
I reported last week that Cohen was likely to be officially nominated for the Deputy Treasury Secretary position.

Cohen has been a counsel to just about every major player on Wall Street, which perhaps complicated his nomination.

Now, the nomination is off.

more...

http://blogs.abcnews.com/george/2009/03/another-top-tre.html

[MercutioATC]

1. NOBODY wants to be associated with this mess.

There are only two options:

1) They'll make changes that will work but will hurt a lot in the short term...and people will bitch.

2) They'll make little changes that won't work and will hurt a little...and people will bitch....and they won't work.


With the "recovery plan" we have so far, we're firmly in the #2 rut.

[babylonsister]

3. That has nothing to do with it; it's the vetting process that's so

messed up. I guess you can't have an experienced person in there w/o them having a history.

[w4rma]

4. I consider this a good thing. The last two candiates for this position weren't good choices. (nt)

[babylonsister]

6. It's not real great when someone from another country calls

the Treasury Dept. with a question and there's no one qualified to answer.

[w4rma]

7. I'd rather noone be there than someone with ethical problems being there for a long time. (nt)

[babylonsister]

8. Maybe someone fresh out of college will be next. At least their

record might be clean, though I'd be a bit concerned about their lack of experience. It's a quandary.

[MercutioATC]

11. So there are NO qualified candidates without disqualifying skeletons?

I don't buy it.

[masuki bance]

2. This is frustrating

[Supersedeas]

5. looks like the crooks have conflicted out most of the more brilliant candidate to clean up the mess

[DFLforever]

9. These people take big pay cuts to work at Treasury

which has to diminish the number of qualified applicants as well.

[Thrill]

10. Because people want to play this 'Gotcha' bullshit with Obama

Looking for any little thing to turn into a negative story about him. This is hurting him with good qualified people who want to work for him. They pretty much have to be squeaky clean.

[Uzybone]

12. Yep.

Thats exactly whats happening.