Politics | 03/06/2009 1:20 pm
Geithner Loses Top Candidates for the Treasury

As the economy sinks ever deeper, a tougher vetting process has the Treasury Department struggling to find acceptable staff, leaving Treasury Secretary Timothy Geithner all but alone at an agency that’s integral to the government’s battle against the recession.
It was revealed this week that two more candidates have withdrawn from key posts in President Barack Obama’s administration, The Wall Street Journal reports.
Annette Nazareth, who was vying for deputy Treasury secretary, withdrew her name several days ago, according to the paper, while Caroline Atkinson, a candidate for the agency’s international affairs chief, called it quits last month.
Both women blamed the tougher vetting process imposed by the White House after it was forced to reverse a series of high-profile appointments over unpaid taxes.
Geithner’s own nomination was nearly scuttled by questions about his taxes. Last month, tax issues put the kibosh on Sen. Tom Daschle’s bid for secretary of Health. Other agencies losing top nominees include energy and transportation.
At the Treasury, Geithner is so far the only nominee to be confirmed. An agency spokesperson says the Treasury Department is "following the normal vetting process" and already has more than 50 political appointees hard at work.
Of course, it may be for the best. Nazareth’s previous job was at the Securities and Exchange Commission, where she headed a division charged with oversight of the financial markets.























20 Reader Comments (so far…) Sign In or Register to comment
SJ…let’s be patriotic and pay those (back) taxes!!!
Goodness! Is the IRS paying the White House a commission on all these funds Obama’s vetting process is sending their way? What a delightfully unexpected consequence!
Ah well, surely there’s somebody out there to fill these auspicious positions. Haste makes waste. Good these two ladies stepped down.
That is not true…… He was notified by his employer more than once that he owed taxes on the money. He ONLY paid it when push came to shove!
Do you realize how much a person has to receive to have that kind of liability???..must be nice to have that kind of pocket change laying around to pay it once he became "aware" ( ya right). As a professional in finance he worked the system and the odds that he would be audited untile he went through the vetting process !..and also only paid what he was legally not morally expected to pay if caught.
Now he is the same guy in charge of the IRS who is holding up the finalization of tax form 1045 ( Tenative refund for previous losses incurred ) that is holding up refunds on millions of struggling small business owners today ( including mine) .
Our tax returns cannot be filed until the final revisions of this form is complete..the excptected release time has changed every week since Jan 1, 2009. Delaying the refund on Thousands of dollars that have already been paid that would help people like us to survive.
As the leader of the IRS he is now putting every stumbling block in place he can for help through the very tax code that is a light at the end of the tunnel helping us stay in business to hang on to that money as long as they can.
How can we trust anyone in office after this fiasco. Geithner looks and sounds like a sniveler and cannot make a decent speech. Even W had
more thrust in his voice. They gave him to much hype. He looks like
the little engine that could…..
H