Shortly after four o’clock on the afternoon of Wednesday, April 13, 2011, U.S. Treasury Secretary Tim Geithner walked down the hallway near his office toward a large conference room facing the building’s interior. He was accompanied by a retinue of counselors and aides. When they arrived in the room—known around Treasury simply as “the large”—four people were seated at a long walnut table on the side near the door.
Early yesterday evening the White House announced it was nominating Neal Wolin to be Geithner's deputy at Treasury. This is interesting for a couple reasons--the first being that, as the announcement noted, Wolin already had an administration job: He was deputy White House counsel with jurisdiction over economic matters. I guess once you've been through two candidates for a position as high-profile as deputy Treasury secretary you're willing to juggle the organizational chart a bit. Also interesting is the fact that Wolin is a close friend of Larry Summers.