A Lot of Hurt

Treasury Secretary Timothy Geithner must find someone to fill the position as senior staff in the Treasury. Annette Nazareth came into consideration; however, she withdrew from the position which put Geithner in a bad place. The senior staff now had too few people in the treasury to represent the department in meetings, which prevented them from making decisions. It got to the point where at a Senate hearing about the American International Group Inc., a Treasury member was to be sent but no one actually showed up. Geithner’s lack of senior staff concerns Wall Street especially in economic crisis. I think that Geithner definitely needs to find a member fast. As one of the teams that oversee Obama’s financial stabilization plans, the Treasury definitely needs to be at its strongest in economic declines. If Geithner continues to fail to find an assistant secretary , this country may be in for a lot of hurt.