Friday, November 7, 2008

More Names Floated for Treasury Secretary

New York Federal Reserve Chairman Timothy Geithner
Former Clinton Treasury Secretary Lawrence Summers
Former Federal Reserve Chairman Paul Volcker
Former Clinton Deputy Treasury Secretary Roger Altman
Federal Deposit Insurance Corp. Chairwoman Sheila Bair
Chicago venture capitalist David Vitale

Insiders consider Geithner or Summers as the most likely. More news expected following a Friday meeting between President-elect Obama and his transition economic advisory board, but an announcement is not planned for his afternoon press conference.

Geithner is a confidant of current Treasury Secretary Hank Paulson and has been involved in the response to the current financial crisis. Known as a non-partisan, Geithner is on record for criticizing the lack of federal oversight over complex financial products and the associated risks.

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