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Possible Successors at Treasury

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Thursday, September 25, 2008

Proposed Expanded Reach of Secretary of Treasury

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Sec. 8. Review: Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

Possible Successors


Timothy F. Geithner: President of the Federal Reserve Bank of New York. Frequently mentioned as a strong candidate due to his work on the credit crisis and experience as a top Treasury official in the 1990s. But would he use the bully pulpit?

Steven Rattner: Founder and managing principal of the private-equity shop Quadrangle Group. A former journalist and close adviser to Hillary Clinton who is respected in Washington and Wall Street. But does he have the name recognition to inspire confidence in the markets?

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