Reports: President Obama considering bank executive to be next chief of staff

[cali]

By Michael O'Brien - 01/03/11 05:41 PM ET

Former Commerce Secretary William Daley is among the candidates to become President Obama's permanent chief of staff, according to reports.

Daley, an executive with JPMorgan Chase in Chicago, is under consideration to replace Rahm Emanuel in the top White House job, according to reports by Bloomberg and ABC News.

The move would install a Washington veteran with close ties to Wall Street in the chief of staff job — a move that could placate concerns in the business community that Obama hasn't been receptive to their ideas over the past two years.

Daley would permanently replace Emanuel, who resigned last fall to pursue a bid for mayor in the city of Chicago. Emanuel hopes to succeed outgoing Mayor Richard M. Daley, the brother of William Daley. Like Emanuel, Daley would be a choice with strong ties to the president's hometown of Chicago.

Pete Rouse has been serving as the interim chief of staff.

If Daley were appointed, it would round out elements of Obama's economic team. The president must also name a successor to Lawrence Summers as chairman of the National Economic Council.

http://thehill.com/blogs/blog-briefing-room/news/135773-reports-obama-considers-daley-as-next-chief-of-staff

[Betty]

1. really? he has to "placate" Wall Street?

the trillions they shook us down for isn't enough?

[Blue_In_AK]

2. Color me not surprised. n/t

[Warren DeMontague]

3. Bill Daley has more on his resume than just "Bank Executive".

Sorry, but I'm just not feeling the outrage.

[datasuspect]

4. he's been a "deal/money" conduit for Richie for umpteen years

ugh

[DJ13]

5. When your base is already pissed because you've given in to big money....

.... nothing says "F YOU" like going even further in supporting big money.

[stray cat]

6. I don't despise all bankers or cheer all democrats

[golddigger]

7. Hope! Change! Fired up! Word!

Chill out I got this!
Fuck it all!

[Autumn]

8. It's his choice, I'm certainly

not one bit surprised.

[mmonk]

9. This will play well.

:sarcasm:

[Safetykitten]

10. The natural choice.

[Change Happens]

11. Would be an nice move...Daley is well respected.

[Better Believe It]

12. Well respected on Wall Street I'm sure. Or is he a working class hero in disguise?

[Change Happens]

13. What kind of person would like?

[Better Believe It]

15. What kind of person would most progressives like to see in that position?

Is that your question?

[Better Believe It]

14. So is he another "change we can believe in" guy or one of those "in billionaires we trust" tycoons?

[Raine]

16. Well why not

might as well drop the fake facade. It's obvious who Obama considers his real friends and supporters. x(

edit: typo

[Canuckistanian]

17. Of course.

Who did you expect him to appoint. Some "professional liberal"??

[Caretha]

18. This is getting ridiculous

:puke:

[neverforget]

19. Wall Street is under-represented in the Halls of Power. This is a good move.

:puke:

[Heywood J]

20. I was expecting to see one of these names...

Lloyd Blankfein, Kenneth Lewis, Vikram Pandit, John Mack, James Cayne, Jamie Dimon, or Timothy Geithner.

I don't recall FDR having a cabinet full of bank executives.