Thursday, March 12, 2009

Third Time's the Charm? Not Really: Another Treasury Nominee Bails Out

A third Treasury Department nominee has dropped out of the process, according to ABC News:

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partner in the New York law firm Sullivan & Cromwell LLP, and the leading candidate for Deputy Treasury Secretary, has withdrawn from consideration.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.
I imagine scoring a job at the Treasury Department is losing some its past luster. Just think of the job description: "Extremely long hours, enormous public pressure to succeed, deep uncertainty regarding the potential success of your endeavors, but failure to accomplish your goals would cause a global economic collapse."


dualdiagnosis said...

I like this-
Newest Obama appointee's office raided by FBI. Left finally comes to terms that Obama is not Jesus. Jesus could actually build a cabinet.

h/t insta

Darren Lenard Hutchinson said...

DD - that's not his office. He is the outgoing head of the office that was raided, but I have read articles saying the purpose of the raid was to get the person who replaced him (already).

cubanbob said...

Obama's problem is that he has acquired a funk of incompetence and ignorance about him. Who wants to sign on to do the heavy lifting when your boss is perceived as an empty suit? Especially when he won't back you when the going gets tough and won't support your plans and recommendations but will throw you under the buss the moment any political heat comes his way.

dualdiagnosis said...

When was his last day? The 4th or 5th of this month?

Darren Lenard Hutchinson said...

DD- I am not sure. I do know that when I have left offices in the past, all of my personal files and other items leave with me. Second, I think MSNBC makes a good point- but of course, we have to wait and see - that if the FBI was already investigating him, the agency would not approved his security clearance.

Jack Reylan said...

Blame professulas whose posh pensions graze on stumbent loan interest from vacuous degrees in basket weaving commie nutty organizing. Turn grant grubbing blatherers into fuel, especially perverts like mayor crotch who gas for obsama zbin biden. Your islamosympathic gutterswabbing clothing and pierced privates spread diesease. If you weren't such baby killing, vermin snuggling perverts you wouldn't be driving up our health costs, then collecting disability for your commie nutty organizing dementia. Your passive aggressive labor unions grab our guns, cars (congestion pricing), balls (SONDA), wallets, and homes but we will grab your throats and dang you from trailer bone tolls. Apply Sarbanes Oxley to non-profits! Repeal the seventeenth amendment before any VAT. All the homeless are drugged out hippies. Second Amendment is the ONLY Homeland Security. Wait until we waste all your stumbent subprimes, so you need to sell your affectation glutton art and work instead of diverting tuition and Y2K scams to soviet freezeniks! Deport for multiple visits to same country. If you controlled your own pension neither your boss nor the government could abuse it. Lynch soviet wealth fund abetting aghadhimmic peakies when oil plummets! Parasites complain about salaries but pig out with benefits. Global warming is a grant grubbing extortion racket. Urban sprawl annoys terrorists. Hazards and pollution stem mostly from mandates. Aqua volte! This land wasn't build by bullocraps

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