March 6th, 2009
10:51 AM ET
5 years ago

Potential Geithner deputy out of the running

In 2007, Annette Nazareth was serving at the Securities and Exchange Commission.
In 2007, Annette Nazareth was serving at the Securities and Exchange Commission.

WASHINGTON (CNN) - A leading contender to serve as the top deputy to Treasury Secretary Timothy Geithner is no longer under consideration for the post, as 17 top jobs at the department remain unfilled in the middle of the financial crisis.

Annette Nazareth, a former top official at the Securities and Exchange Commission, was being considered for the prestigious post of Deputy Treasury Secretary but is no longer in the running, according to an official familiar with the matter.

While Nazareth was never formally nominated for the job, she did have interviews for the post and a background search was being conducted. But the official stressed that this "was not a vetting issue," such as the tax matters that tripped up nominees such as Tom Daschle and Nancy Killefer.

Nevertheless, the development could be a blow to Geithner as he struggles to deal with the financial crisis at a time when 17 top jobs beneath him remain unfilled at the mammoth agency.

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Filed under: Obama administration
soundoff (104 Responses)
  1. Tim

    @Mustang......

    So, are you going to grab a shovel, hammer or other tool and help America recover, or are you just going to sit on your hands on a bench, gripe and worship Limbaugh?

    Oh and about your IRA.......so you do remember that thing they tell you about when you invest money....risk...right?
    Remember risk? Its that 'free market' thing you conservatives love so much.
    When you invest you risk getting wiped out as much as you get a chance to retire well. No guarantees.
    We all trusted these companies in our portfolios to invest wisely and run efficiently. They didnt and we are getting burned.
    We had to trust them because Bush (and to a lesser extent Clinton) de-regulated these guys. In the vacumn of regulation breeds greed.....just ask Alan Greenspan who was saying this same thing a few days ago.

    March 6, 2009 03:46 pm at 3:46 pm |
  2. Mumphy

    OMG...this President has only been in office for less than 60 days. Less than 2 months folks. He's inherited a complete and total mess the depth and breadth of which he could not have imagined as a candidate. He's working tirelessly to figure out how to help the economy recover. BUT...he has had nothing but negative, toxic push back from "the party who must not be named" because that's how vile they are. I'd like to see a Youtube piece with John McCain playing the part of Anthony Perkins and Obama as Janet Leigh in the movie "Psycho." Because every chance he gets, McCain keeps repeatly stabbing the knife in Obama's back. The man whose only claim to fame is the S&L scandal.

    March 6, 2009 03:47 pm at 3:47 pm |
  3. bill

    There was a song in the 70's by Queen that was titled "another one bites the dust". It appears the Obama administration is singing this song quite often. One would think his decision making would be somewhat better. But with only 18 active months as a senator, its understandable.

    March 6, 2009 03:57 pm at 3:57 pm |
  4. Just hoping to get through this...

    I hope Obama suceeds but it appears that he is in over his head. Cannot seem to keep his promises about change – same old, same old. Tell him to dump the teleprompter and look at us in the eyes when he speaks.

    March 6, 2009 10:27 pm at 10:27 pm |
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