Tim Geithner

Foreclose? For Shame.

We sometimes hear that Barack Obama and his top people read The New Republic, but they must not have been paying attention during the campaign when we ran an article titled “History Lesson: FDR Solves the Mortgage Crisis,” by Andrew Jakabovics. If they had done so, they might have proceeded a little differently in dealing with the current crisis and with the controversy over foreclosures. READ MORE >>

[Guest post by Noam Scheiber:] I just wanted to offer up a quick thought on some of the reactions to my David Axelrod profile in the current issue. For example, over at Politico, Ben Smith writes: READ MORE >>

Over the last few months, China has had several fairly nasty public rows with Secretary of State Hillary Clinton and Secretary of State Robert M. Gates, the two highest-ranking members of Barack Obama’s foreign policy team. And that raises an interesting question: Does China have any friends left at the top levels of the Obama administration? READ MORE >>

Last week, Senate Banking Committee Chairman Chris Dodd aroused the ire of progressive activists when he wondered whether Elizabeth Warren, the former Harvard Law professor who is a leading candidate to head the new Consumer Financial Protection Bureau, would be “confirmable.” “There’s a serious question about it,” he said on NPR’s “Diane Rehm Show.” READ MORE >>

Last week, while talking to Representative Barney Frank about more general subjects, I asked him, as I was leaving, whether he thought it was important for the Obama administration to appoint Elizabeth Warren as head of the new Consumer Financial Protection Bureau. This is what he said: READ MORE >>

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-- Jackson Lear reviews Alan Brinkley's new book about Henry Luce. -- Jonathan Bernstein on cap-and-trade: "It's worth noting that on a legislative time scale, cap-and-trade was really very, very, new, and most important laws tend to take a long time, often spanning several Congresses, to pass." READ MORE >>

The first-day stories on Peter Orszag’s looming departure from OMB highlighted a number of possible successors. Among them: Gene Sperling, now a senior aide to Treasury Secretary Tim Geithner; Laura Tyson, a Berkeley economist and former Clinton official; Rob Nabors, a top aide to White House Chief of Staff Rahm Emanuel who served as Orszag’s deputy early in the administration; and Jeff Liebman, a top OMB official who’s been acting deputy since Nabors left. READ MORE >>

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