Empty Desks at Treasury

The complaint that Treasury can't get anything done because they can't get the place staffed has died down some, but this Washington Post article resurrects it.  The longer this goes on, the more bite it has--in March, there was some excuse, but by June, you should probably have at least nominated someone to be undersecretary for domestic finance.

One thing I haven't seen talked about much is the apparent problem with financial nominees who have substantial assets.  Now is not a great time to liquidate a frozen position in order to put the assets into a blind trust.  Combine that with the quasi-interrogations associated with today's newer, tougher, nominating process, and it's pretty hard to convince people to take the plunge.

That's hardly Geithner's fault.  But knowing he can't do much doesn't make us any better prepared to handle the current problems.

Presented by

Megan McArdle is a columnist at Bloomberg View and a former senior editor at The Atlantic. Her new book is The Up Side of Down.

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register with Disqus.

Please note that The Atlantic's account system is separate from our commenting system. To log in or register with The Atlantic, use the Sign In button at the top of every page.

blog comments powered by Disqus

Video

A Stop-Motion Tour of New York City

A filmmaker animated hundreds of still photographs to create this Big Apple flip book

Video

The Absurd Psychology of Restaurant Menus

Would people eat healthier if celery was called "cool celery?"

Video

This Japanese Inn Has Been Open For 1,300 Years

It's one of the oldest family businesses in the world.

Video

What Happens Inside a Dying Mind?

Science cannot fully explain near-death experiences.

More in Business

Just In