Wednesday, November 5, 2008

Top contenders for U.S. Treasury Secretary

CNBC does some pondering on who may be the next Secretary of the Treasury under President Obama.

Here is my own list of top contenders:
  • Tim Geithner, President of the Federal Reserve Bank of New York; believed to be a Democrat.
  • Larry Summers, Harvard economist, former President of Harvard University, and former U.S. Treasury Secretary under Bill Clinton.
  • Paul Volcker, the best Fed Chairman in history; Alan Greenspan's predecessor; appointed under Carter and reappointed under Reagan. He's the guy who ended the stagflation of the 1970s. Being a decade older than John McCain, his biggest obstacle is his age.
  • Jon Corzine, Democratic Governor of New Jersey, former U.S. Senator, and former CEO of Goldman Sachs.
  • Jamie Dimon, widely-respected CEO of JPMorgan; a financial contributor to many Democratic candidates.

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