Comments on: Who will be the next Treasury secretary? http://blogs.reuters.com/felix-salmon/2012/05/23/who-will-be-the-next-treasury-secretary/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: justsayin2011 http://blogs.reuters.com/felix-salmon/2012/05/23/who-will-be-the-next-treasury-secretary/comment-page-1/#comment-39544 Sat, 26 May 2012 23:25:58 +0000 http://blogs.reuters.com/felix-salmon/?p=14301#comment-39544 Who is the furthest in arrears paying their income tax? That seems to be a major decision point for this particular president. Particularly for someone going into a position involving huge sums of money. At least it is internally consistent. Supreme Court justice without courtroom experience, secretary of treasury who cheated on his taxes for years……..

A refreshing change of pace might be to have someone who can actually lead by example thus obviating the need for a full time propaganda staff to fluff his/her public image.

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By: FTI http://blogs.reuters.com/felix-salmon/2012/05/23/who-will-be-the-next-treasury-secretary/comment-page-1/#comment-39497 Fri, 25 May 2012 19:19:47 +0000 http://blogs.reuters.com/felix-salmon/?p=14301#comment-39497 I agree with lknobel that the senior cabinet will need more women. Why not Lael Brainard, who has one of Geitner’s and Summer’s old jobs?

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By: lknobel http://blogs.reuters.com/felix-salmon/2012/05/23/who-will-be-the-next-treasury-secretary/comment-page-1/#comment-39449 Thu, 24 May 2012 14:01:10 +0000 http://blogs.reuters.com/felix-salmon/?p=14301#comment-39449 No mention of Laura Tyson? Particularly if, as expected, Hillary declines to do another stint at State, it would put a woman in one of the most high profile positions. Also make minor history as the first woman in the post.

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By: MrRFox http://blogs.reuters.com/felix-salmon/2012/05/23/who-will-be-the-next-treasury-secretary/comment-page-1/#comment-39448 Thu, 24 May 2012 13:49:58 +0000 http://blogs.reuters.com/felix-salmon/?p=14301#comment-39448 IMO the best kind of candidate for Treasury Secretary is a former US Attorney with a demonstrated zeal, and record of success, in prosecuting organized crime.

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By: Christofurio http://blogs.reuters.com/felix-salmon/2012/05/23/who-will-be-the-next-treasury-secretary/comment-page-1/#comment-39445 Thu, 24 May 2012 13:19:31 +0000 http://blogs.reuters.com/felix-salmon/?p=14301#comment-39445 Zoellick thinks for himself, which would cause trouble for him.

In the autumn of 2010, Zoellick called for a new international system of trade finance that would “involve the dollar, the euro, the yen, the pound, and a renminbi that moves toward internationalization and then an open capital account.” He also said this system “should consider employing gold as an international reference point of market expectations about inflation, deflation, and future currency values.”

Much as I would love having an administration in office that thinks like that, I don’t think it would do too much good to have one outlier thinking things like that in an administration that, otherwise, doesn’t.

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By: GregHao http://blogs.reuters.com/felix-salmon/2012/05/23/who-will-be-the-next-treasury-secretary/comment-page-1/#comment-39434 Thu, 24 May 2012 03:02:56 +0000 http://blogs.reuters.com/felix-salmon/?p=14301#comment-39434 Barney Frank may be great at messaging (an interesting point to debate), he is unequipped and largely uninterested in managing the Treasury Department. Being Treasury Secertary is more than just standing behind a podium and talk. There are actual management issues.

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By: GregHao http://blogs.reuters.com/felix-salmon/2012/05/23/who-will-be-the-next-treasury-secretary/comment-page-1/#comment-39433 Thu, 24 May 2012 03:02:52 +0000 http://blogs.reuters.com/felix-salmon/?p=14301#comment-39433 Barney Frank may be great at messaging (an interesting point to debate), he is unequipped and largely uninterested in managing the Treasury Department. Being Treasury Secertary is more than just standing behind a podium and talk. There are actual management issues.

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By: VMatheson http://blogs.reuters.com/felix-salmon/2012/05/23/who-will-be-the-next-treasury-secretary/comment-page-1/#comment-39429 Wed, 23 May 2012 23:11:06 +0000 http://blogs.reuters.com/felix-salmon/?p=14301#comment-39429 Realist50, there is no doubt that Taylor has great academic credentials, and Hubbard probably has even better ones. But Felix’s point on both of them is that they have been somewhat disingenuous about monetary and fiscal policy ever since Obama was elected. They have been quick to criticize Obama on flimsy evidence while completely failing to call out nonsense coming from the right. Hence the “political hack” label despite their really, really good academic credentials.

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By: handleym99 http://blogs.reuters.com/felix-salmon/2012/05/23/who-will-be-the-next-treasury-secretary/comment-page-1/#comment-39425 Wed, 23 May 2012 21:51:49 +0000 http://blogs.reuters.com/felix-salmon/?p=14301#comment-39425 ” But say there’s another Wall Street crisis that requires action on the part of Treasury, and requires someone in that post who understands what action needs to be taken. Is Schmidt that man?”

Isn’t this precisely what we are all complaining about — the expectation on Wall Street that when they screw up, the the Fed will step in and bail them out?

Maybe it would be a GREAT thing to have someone at Treasury who doesn’t see that as his role? If Wall Street see that they don’t have a friend in government, they might not be quite so aggressive in their gambling; and might work a little harder to create a SYSTEM for dealing with problems rather than the current ad hoc hacks we have now.

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By: realist50 http://blogs.reuters.com/felix-salmon/2012/05/23/who-will-be-the-next-treasury-secretary/comment-page-1/#comment-39421 Wed, 23 May 2012 21:15:50 +0000 http://blogs.reuters.com/felix-salmon/?p=14301#comment-39421 Is Felix really calling the creator of the Taylor rule a political hack? He’s more accomplished as an academic than anyone else mentioned in this post – arguably more accomplished as an academic than all of them put together. I could understand an argument that Taylor lacks the executive or managerial experience to be Treasury Secretary, and I think that his background is better suited to being a Fed governor.

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