Prominent Wall Street lawyer H. Rodgin Cohen is being considered by the White House for nomination to the position of deputy Treasury secretary, financial industry sources said on Tuesday. Cohen has worked on a variety of bank regulatory issues and has also helped resolve many major bank failures, which could be an asset amid a financial crisis that has put lenders under severe pressure.
Treasury has had difficulty filling its top ranks. One person considered a top contender for the deputy nomination, former Securities and Exchange Commission lawyer Annette Nazareth, withdrew from consideration last week. Some key under secretary positions also remain open.
Treasury Secretary Timothy Geithner told lawmakers on Monday night that he expected to name his domestic finance team this week, a Democratic aide who attended a closed door briefing by the secretary, said. He added that Geithner did not mention any names in the meeting. Analysts say having key jobs open puts an extra burden on Geithner, but department officials say they are no slower in getting appointees through the nomination process than prior administrations.
But Geithner has called in extra help on a temporary basis. The Treasury recruited Edwin Truman, a scholar at the Peterson Institute for International Economics with vast international experience at the Treasury and Federal Reserve, to fill in for six weeks.
Comments
Comments are closed.