Saturday, May 21, 2011

Where are the leaders?

Granted the current political climate is asphyxiating and Republicans are not trying to make it easy for Obama to fill appointments, but the situation is getting ridiculous with regards to financial appointments, so ridiculous that the modest changes Dodd-Frank brings may not see the light of day for many more months.

The chair of the FDIC will soon leave. Obama has yet to announce a candidate to head the Consumer Financial Products Board. The Office of the Controller of the Currency has been run by an interim head for almost a year. There is yet to be named the Vice Chairman for Banking Supervision.

Geithner has a large say in these appointments. Is he afraid that new faces may crowd him? Is Obama serious about financial 'reform'?

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