Failure is its own reward? March 6, 2009 at 12:19 pm
There is at least one piece of good news in troubles that the Obama administration are having with filling some jobs. As the WSJ reports, Annette Nazareth, who was expected to be tapped as deputy Treasury secretary, has withdrawn. Annette was responsible for the consolidated supervised entity program at the SEC that was so successful at supervising the big 5 broker/dealers that one failed, two were sold in conditions of distress (extreme distress in the Bear’s case) and two became banks. Why anyone thought that she should be Timmy’s deputy is beyond me.