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Sunday, November 8, 
5:20 am

Obama's treasury secretary, chief of staff picks at hand

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whitehouse.pngThe rumors about President-elect Barack Obama's administration continue to percolate in both Washington and the greater media as most pundits expect quick movement. Already there are reports that Obama may have a chief of staff, and has narrowed his treasury secretary list down to three candidates.

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According to The Washington Post, Rep. Rahm Emanuel, D.-Ill., a former banker at Wasserstein Perella & Co., where he worked for The Deal LLC's chairman Bruce Wasserstein, is deciding whether he wants to be Obama's chief of staff. Meanwhile, NBC News' Andrea Mitchell has reported that Emanuel has taken the job, but there is no confirmation from other media outlets. Emanuel may choose to stay on in Congress where he could one day replace House Speaker Nancy Pelosi, or even replace Obama as Illinois' junior senator.

However, once Obama's chief of staff is chosen, expect his White House staff and Cabinet officials to coalesce quickly in the next couple of weeks. Key Cabinet official appointments should be made before Thanksgiving.

The choice of treasury secretary, arguable the most important Cabinet level job given the current economic crisis, should go to either New York Federal Reserve Bank President Timothy Geithner or New Jersey Gov. Jon Corzine, at least according to Stan Collender, managing director at Qorvis Communications in Washington. Larry Summers, a former treasury secretary during the Clinton administration, is also in the running. - Ron Orol

See story from The Washington Post
See story from MSNBC
See Emanuel profile from The New York Times

Ron Orol is a Washington-based reporter for The Deal and author of Extreme Value Hedging: How Activist Hedge Fund Managers Are Taking on the World.



Comments

From: Anton Nicholas,

The truth in reality is not always good news, to read about the greediness of Palin in her spending spree is a real indication that America as seen by the eyes of Non Americans is a greedy giant.
The world needs a gentle giant who will be caring, attentive, responsive and sympathetic to the inhabitants of all countries.

Palin is not really old news for she in her mind has set her target as POTUS and four years of trying to stall progress by smiling at powerful men will irritate many but we must remember there will be die hards who will not budge and be ready to join her fold.

America can be a nation that fulfills a real dream not to be successful by kicking others out ot the way, needlessly stepping on people's toes or be demonstratively aggressive but joining hands and building a nation not of money grabbers but of hardworking conscientious workers.

Palin could never be that and for her to have the position of VP is truly scandalous to the extreme


From: Lisa P.,

Obama announced new additions to his staff, and he’ll be relying on their broad and diverse experience in the months ahead as they work together to strengthen our economy, reformUSA, and meet the great challenges of our time.
It seems that it would be stressful on the part of Obama’s team, but its their job and they are paid for it. And let’s admit they are there to gain financial wealth, but in the other hand, it’s their discretion to help Obama in building better country.
Now, Obama administration has begun to emerge. Obama wants to know all about you if you plan to work in his cabinet or staff. Makes sense, doesn’t it? If a person is going to fill a high-responsibility position in America’s federal government, it is in the best interests of the nation and its people that the applicant meets all the requirements and qualifications and will not pose a threat in any form. With all the information Obama asks in his seven-page, 63-question application, you would think the administration would have enough to perform credit repair for everyone who applies. CNN reveals a copy of the questionnaire, which requires all applicants to not only thoroughly elucidate everything they’ve done in the last 10 years or more, but also do the same for their spouse. I hope applicants do indeed get the free credit repair as part of the deal. With that, I’d like to share a few of my favorite questions… (1) Writings: Please list and, if readily available, provide a copy of each book, article, column or publication (including but not limited to any posts or comments on blogs or other Web sites) you have authored, individually or with others. Please list all aliases or “handles” you have used to communicate over the Internet. (2) Electronic communications: If you have ever sent an electronic communication, including but not limited to an E-mail, text message or instant message, that could suggest a conflict of interest or be a possible source of embarrassment to you, your family, or the President-Elect if it were made public, please describe. (3) Please provide the URL address of any Web sites that feature you in either a personal or professional capacity (e.g., Facebook, MySpace, etc.) This is only a taste of the how deep the application goes. So remember, if you plan on taking part in the Obama-Biden “Change” Administration, you’ve better get to stepping.

Click to read more on Credit Repair.


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