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Old 03-25-2009, 10:56 AM   #405
Dino 6 Rings
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Default Re: The Official Bash/Question/Make fun of Democrats/Government/Obama Thread

Another One Bites the DUST

Brosens Withdraws as Candidate for U.S. Bank-Rescue Fund Chief

March 25 (Bloomberg) -- Frank Brosens, a hedge fund manager who was Treasury Secretary Timothy Geithner’s choice to run the office overseeing the $700 billion bank bailout program, withdrew his name from consideration.

Brosens, a founding partner of Taconic Capital Advisors LLC in New York, confirmed in an e-mail he is no longer in the running for the job, which requires Senate confirmation. The position is currently held by Neel Kashkari, a holdover from the Bush administration.

Geithner has had a difficult time filling vacancies and remains President Barack Obama’s only confirmed appointment at the department as the administration grapples with the biggest financial crisis since the Great Depression. At a congressional hearing yesterday, the Treasury chief said that hiring isn’t easy
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