Saturday, 25 April 2015
Last updated 22 hours ago
Mar 25 2009 | 2:06am ET
The hedge fund manager tipped to head the federal government’s bank bailout program has withdrawn from consideration.
Frank Brosens, founding partner of Taconic Capital Advisors, had been Treasury Secretary Timothy Geithner’s top choice to head the $700 billion Troubled Asset Relief Program. But he no longer wishes to be considered for the post, which requires Senate confirmation, according to several published reports.
Brosen’s decision leaves TARP in the hands of Neel Kashkari, a holdover from the George W. Bush administration. According to The Wall Street Journal, Geithner is already considering new candidates, including Fannie Mae CEO Herb Allison.
Geithner complained today that filling vacancies in the Treasury Dept. has been difficult.
“We’re finding a lot of people willing to come serve their country at this moment of challenge, and I think that’s very encouraging,” he told the House Financial Services Committee. “We’re going to need some more people, though, and we’re working very hard to bring in enough talent to help us get through this.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…