March 6th, 2009
10:51 AM ET
6 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.

Full story


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

    We are supposed to be in a financial crisis and we don't have full staff in treasury department. Can anyone honestly speak some good words about Tim Geithner? Every day the administration is coming out with billions of dollars in spending and the treasury department is literally empty. God save America!!

    March 6, 2009 12:57 pm at 12:57 pm |
  2. Ula Nejad Sacramento, Ca

    This is really ubelievable. 17 posts vacant? Is that why they hired the Zoo master instead? Ha ha ha...as bright as Dr Gupta is, I'm so glad he turned down the offer too. Doing surgery on the nation's economy is a nightmare. The llifeline is DEAD. Comprehende? Stock market lost a trillion dollars already since Obama took office. Idiots.

    March 6, 2009 12:58 pm at 12:58 pm |
  3. Hammer

    I guess she just did not have the stomach for the plans of socialism that are being pushed.

    March 6, 2009 01:02 pm at 1:02 pm |
  4. Larry

    Your President sure has hit the ground running!

    Unemployment at almost 9% nationally,17 top jobs at the Treasury department remain unfilled in the middle of the financial crisis.

    March 6, 2009 01:06 pm at 1:06 pm |
  5. sick n tired of CNN moderators

    Was she with the SEC when ole Bernie Madoff was ripping off his clients? Was she part of the problem when the SEC chose not to investigate the NUMEROUS complaints about him since 2001! I smell a RAT!!!!!!!!!!

    March 6, 2009 01:12 pm at 1:12 pm |
  6. John from LA

    Boy oh Boy-Bo's administration is looking like a REAL bunch of novices!!!

    And remember people-It is OK to disagree with our President!!! Some people who think that if you disagree you're bashing BO-WRONG!!!-it's our duty to think outside the box and hold them ALL accountable-I bet she let Madoff slide!-since she was at SEC

    @ Joe Six pack-Just because you're ahead of other Presidents doesn't mean BO is doing a great job...Out here in LA-he's getting the reputation of being like our current mayor during his first few months in office-Throw everything at the wall and eventually something will stick-Not the time to be doing something like that-tackle one thing at a time...put health care and other issues to the side for now-no $$$-THE ECONOMY!!! is the key-and don't lecture me about "multi-tasking"-

    March 6, 2009 01:27 pm at 1:27 pm |
  7. Mike O

    Can they run screaming out the door fast enough? Not many people rowed out to the Titanic to get aboard once she started listing and this Administration is already starting to take on a bunch of water. Geithner is so far over his head, he'll get the bends before he drowns.

    March 6, 2009 01:28 pm at 1:28 pm |
  8. abc

    "Obamachimp"? from Les...

    this is why the racist party lost the election last year, reality check! speaking of basic human respect.

    March 6, 2009 01:35 pm at 1:35 pm |
  9. Dawn

    The Democrats are crooks? hum? Nixon once said, if the President does this it is not against the law!

    He will find people and we will get back on track....

    March 6, 2009 01:35 pm at 1:35 pm |
  10. joe c.

    To CSF-- A better question might be when is Obama going to come out of the closet?

    March 6, 2009 01:36 pm at 1:36 pm |
  11. ray ray

    Who would WANT to work for Obama & Gaithner who manager others by "Do what I say... not what I do"??

    A tax-cheat calling for IRS audits?

    A High-flying luxury-living President asking Americans to sacrifice??

    March 6, 2009 01:51 pm at 1:51 pm |
  12. pete

    Geithner has known about his appointment for several months (when did the tax cheat file amended returns?) and he has yet to appoint one person to his management team. There is no one to go to meetings to represent the administration.

    Change you can believe in.

    If this isn't pathetic, I don't know what is.

    March 6, 2009 01:54 pm at 1:54 pm |
  13. Larry

    I wouldn't want to work for Geithner either. Not the sharpest blade in the drawer...

    March 6, 2009 01:57 pm at 1:57 pm |
  14. Texas Proud!

    Once again, I want to thank some of folks for your postings. Some of them get me to laughing so hard and after looking at my 401-K I sure need a good laugh.

    To: Rob (March 6, 2009 11:55 am ET

    Thanks buddy, yours really got me laughing and I can't stop!

    March 6, 2009 02:04 pm at 2:04 pm |
  15. Gyrate

    Why would tax problems be a problem? It didn't seem to hurt Geithner. I think I will screw up my taxes this year and see if the IRS will label it a 'mistake'....Unfortunately, it is probably a lot of politicians on BOTH sides. I see the congress just voted themselves a raise and an 11% budget increase. These guys just don't get it. Maybe they decided this while eating that $100/pound beef with Barry....

    March 6, 2009 02:11 pm at 2:11 pm |
  16. Jeff Spangler, Arlington, VA

    Wild guess: Geithner has bitten off more than he can chew, and qualified financial professionals understand that the economy is in a whole lot more trouble than anyone including Obama is willing to admit publicily. What self-respecting pro wants to sign on t this sinking socialist ship full of rancid pork and zombie banks or insurers?

    March 6, 2009 02:14 pm at 2:14 pm |
  17. Tom

    Anyone the least bit familiar with the history of Nazareth at the SEC would realize that she has NO PLACE serving in the Obama administration. In fact, many of her pigheaded narrowminded policies are intertwined with the SEC's FAILURE to see the economic mayhem that has brought the USA to it's knees. Her NOT being able to serve in the Treasury Department is very, very good news for the country.

    March 6, 2009 02:23 pm at 2:23 pm |
  18. Free Thinker

    Why would she not want to be part of the most socialistic government in US history?! The rats are leaving the ship!

    March 6, 2009 02:33 pm at 2:33 pm |
  19. dont drop the soap Rush

    Rush needs a new boy friend.

    March 6, 2009 02:52 pm at 2:52 pm |
  20. Janusz Borko

    @ Richelle
    Please prey that mustang keeps working so you can get your welfare money, sit and do nothing as usually, when Clown in Chief destroys all "rich" you will go hungry just wait!!

    March 6, 2009 02:54 pm at 2:54 pm |
  21. ranjit

    Hello Richelle

    If you think, people should shut up for all the screw up of obama administration, you are wrong. We all voted for change and we expect change. What we are getting is screw up's in major nominations and an administration busy fighting the radio talk shows and TV anchors. How many days, we are going to blame bush administration? By the way, never stock market tanked 3000 points after a new president. That sums up against all your argument.

    March 6, 2009 02:54 pm at 2:54 pm |
  22. Anonymous

    Joe Six Pack – that is not an accurate statement and, at the current rate of tax-cheat picks, he's never going to get his cabinet filled. Of course, he could put in more republicans but even they don't want to bend to his stupidity in ruining this country. By the time he gets through with the US, we're toast. He should not shun the British while he sucks up to Iran! Bad karma.

    March 6, 2009 02:59 pm at 2:59 pm |
  23. Sean

    Richelle,
    I wish you would have moved during the Bush years.

    March 6, 2009 03:21 pm at 3:21 pm |
  24. Laverne

    Actually Tim Geithner is a very smart man. He is not the best communicator, but smart. Kinda the way some of you bloggers are, not really good at articulating a thought.

    March 6, 2009 03:25 pm at 3:25 pm |
  25. Sean

    How is it a person is not allowed to voice any negitive points against this President? The fact is that there is 17 high level positions not filled in the Treasury and Turbo Tax Tim has not "got back to us" on how he plans to fix the economy and banks yet with the details. What if you did that to your boss? What would happen? If it is your job to hire the people to get the department running and get the economy running then you would be fired. So stop standing up for the guy and do what you did when Bush was in office and start bashing him.

    March 6, 2009 03:29 pm at 3:29 pm |
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