Possible Successors at Treasury
Proposed Expanded Reach of Secretary of Treasury
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.
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?