Empty Desks at Treasury

More

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.

Jump to comments
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.

Get Today's Top Stories in Your Inbox (preview)

A Delightful, Pixar-Inspired Cartoon About the Toys in Your Cereal Box

The story of an action figure and his reluctant sidekick, who trek across a kitchen in search of treasure.


Elsewhere on the web

Join the Discussion

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

Video

Juice Cleanses: The Worst Diet

A doctor tries the ever-popular Master Cleanse. Sort of.

Video

Why Did I Study Physics?

Using hand-drawn cartoons to explain an academic passion

Video

What If Emoji Lived Among Us?

A whimsical ad imagines what life would be like if emoji were real.

Video

Living Alone on a Sailboat

"If you think I'm a dirtbag, then you don't understand the lifestyle."

Feature

The Future of Iced Coffee

Are artisan businesses like Blue Bottle doomed to fail when they go mainstream?

Writers

Up
Down

More in Business

Just In