Obama Picks Schapiro as New SEC Chief
In what seems will have a huge impact on the markets and its regulatory body, President-elect Obama has selected seasoned regulator Mary Schapiro to head the Securities and Exchange Commission. Via MSNBC: The appointment comes as Obama considers a major overhaul of the heavily criticized agency. The SEC, created after the 1929 stock market crash .. read more
Obama’s Staff and Cabinet Picks
Via CBS News: Obama Cabinet Posts Commerce – Sen. Judd Gregg, R-N.H. Treasury – Timothy Geithner Labor – Rep. Hilda Solis, D-Calif. State – Sen. Hillary Clinton, D-N.Y. See All Picks
Obama Chooses Paul Volcker as Economic Advisor
Via MarketWatch: Reiterating that the United States is facing an historic economic crisis, President-elect Barack Obama tapped former Federal Reserve Chairman Paul Volcker to run a new White House advisory board tasked with offering independent advice about how to stage an economic recovery. “Paul has been by my side throughout this campaign, providing a deep .. read more
Obama Picks Geithner as Treasury Secretary
Via NBC News: NBC News has learned that the president-elect is preparing to roll out his economic team on Monday – and will personally announce the team and answer questions – part of an effort to reassure markets. Barring last minute changes, the nominee for Treasury Secretary will be NY Fed President Tim Geithner – a career Treasury .. read more
