WASHINGTON -- The leading candidate to run the Treasury Department's $700 billion bailout program has withdrawn his name from consideration, according to people familiar with the matter.
Frank Brosens, a hedge-fund manager and big Democratic donor, was considered the top contender to run the Treasury's Troubled Asset Relief Program. Treasury Secretary Timothy Geithner is now considering several other candidates, including Herb Allison, who currently heads mortgage titan Fannie Mae. :blink:
The withdrawal comes as Mr. Geithner moves to fill out other parts of his team at the Treasury. He has been operating with a small crew of advisers since taking office in January. The lack of manpower at the Treasury comes at a precarious time, given the focus on fixing the financial crisis.
Mr. Brosens, who campaigned for Mr. Obama, said he withdrew his name for personal reasons.
Can't say I don't blame the chap, it would be career suicide to even be associated with those clowns on the hill. So when all else fails...lets grab a fannie crook!
