Christina Romer, chairwoman of President Obama's Council of Economic Advisers, has decided to resign, according to a source familiar with her plans, the National Journal is reporting.
"She has been frustrated," a source with insight into the WH economics team said. "She doesn't feel that she has a direct line to the president. She would be giving different advice than Larry Summers [director of the National Economic Council], who does have a direct line to the president."
"She is ostensibly the chief economic adviser, but she doesn't seem to be playing that role," the source said.
Sounds like she is a pretty unhappy camper. While at the White House, she has always publicly supported the party line--never straying--so it is unclear what her personal views are and in what direction she would have liked to see things go.
Perhaps once she is out of office, we will get a better sense on what she has been thinking and what has really been going on at the White House.
(ViaDrudge)
Rumor is Romer's in line for the SF Fed Chief position.
ReplyDeleteFDIC Announces Departure of General Counsel Michael Bradfield
ReplyDeleteMichael Bradfield, General Counsel of the FDIC, has decided to resign his position and will leave the FDIC effective August 13, 2010. Mr. Bradfield has served in this position since May of 2009.
"Mike's broad professional experience has brought immense value to the FDIC on a host of legal and policy issues," said FDIC Chairman Sheila C. Bair. "His knowledge of domestic and international banking issues and command of the regulatory framework has served the FDIC well through a period of challenging resolution activity and the many legal issues stemming from these bank failures. Mike has also added his unique perspective to the Corporation's engagement in the financial reform debate, particularly in supporting a strong Volcker rule to guard against excessive risk taking by insured depository institutions."
"Mike's distinguished career in government at the Treasury Department, as General Counsel for the Federal Reserve Board and now at the FDIC demonstrates his strong commitment to serving the public. I wish him well in the future and thank him for his service to the country."
Before coming to the FDIC, Mr. Bradfield was a partner at Jones, Day, concentrating on domestic and international banking, mergers and acquisitions, federal bank regulatory matters, and international trade.
Mr. Bradfield served as General Counsel of the Federal Reserve Board in Washington, serving as counsel to Chairman Paul Volcker and Chairman Alan Greenspan. He was responsible for the legal work of the Board, including the legal aspects of monetary policy formulation, regulation, litigation, enforcement, administration, and legislation.
Before becoming the Federal Reserve's General Counsel, Mr. Bradfield was in private law practice with Cole Corrette & Bradfield. From 1968 to 1975, he served as Assistant General Counsel of the Treasury Department where he participated in the formulation of international monetary and trade policy. He also worked with the Multilateral Development Banks and the International Monetary Fund.
FDIC Announces Departure of General Counsel Michael Bradfield
ReplyDeleteMichael Bradfield, General Counsel of the FDIC, has decided to resign his position and will leave the FDIC effective August 13, 2010. Mr. Bradfield has served in this position since May of 2009.
"Mike's broad professional experience has brought immense value to the FDIC on a host of legal and policy issues," said FDIC Chairman Sheila C. Bair. "His knowledge of domestic and international banking issues and command of the regulatory framework has served the FDIC well through a period of challenging resolution activity and the many legal issues stemming from these bank failures. Mike has also added his unique perspective to the Corporation's engagement in the financial reform debate, particularly in supporting a strong Volcker rule to guard against excessive risk taking by insured depository institutions."
"Mike's distinguished career in government at the Treasury Department, as General Counsel for the Federal Reserve Board and now at the FDIC demonstrates his strong commitment to serving the public. I wish him well in the future and thank him for his service to the country."
Before coming to the FDIC, Mr. Bradfield was a partner at Jones, Day, concentrating on domestic and international banking, mergers and acquisitions, federal bank regulatory matters, and international trade.
Mr. Bradfield served as General Counsel of the Federal Reserve Board in Washington, serving as counsel to Chairman Paul Volcker and Chairman Alan Greenspan. He was responsible for the legal work of the Board, including the legal aspects of monetary policy formulation, regulation, litigation, enforcement, administration, and legislation.
Before becoming the Federal Reserve's General Counsel, Mr. Bradfield was in private law practice with Cole Corrette & Bradfield. From 1968 to 1975, he served as Assistant General Counsel of the Treasury Department where he participated in the formulation of international monetary and trade policy. He also worked with the Multilateral Development Banks and the International Monetary Fund.
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FDIC Announces Departure of General Counsel Michael Bradfield
ReplyDeleteMichael Bradfield, General Counsel of the FDIC, has decided to resign his position and will leave the FDIC effective August 13, 2010. Mr. Bradfield has served in this position since May of 2009.
"Mike's broad professional experience has brought immense value to the FDIC on a host of legal and policy issues," said FDIC Chairman Sheila C. Bair. "His knowledge of domestic and international banking issues and command of the regulatory framework has served the FDIC well through a period of challenging resolution activity and the many legal issues stemming from these bank failures. Mike has also added his unique perspective to the Corporation's engagement in the financial reform debate, particularly in supporting a strong Volcker rule to guard against excessive risk taking by insured depository institutions."
"Mike's distinguished career in government at the Treasury Department, as General Counsel for the Federal Reserve Board and now at the FDIC demonstrates his strong commitment to serving the public. I wish him well in the future and thank him for his service to the country."
Before coming to the FDIC, Mr. Bradfield was a partner at Jones, Day, concentrating on domestic and international banking, mergers and acquisitions, federal bank regulatory matters, and international trade.
Mr. Bradfield served as General Counsel of the Federal Reserve Board in Washington, serving as counsel to Chairman Paul Volcker and Chairman Alan Greenspan. He was responsible for the legal work of the Board, including the legal aspects of monetary policy formulation, regulation, litigation, enforcement, administration, and legislation.
Before becoming the Federal Reserve's General Counsel, Mr. Bradfield was in private law practice with Cole Corrette & Bradfield. From 1968 to 1975, he served as Assistant General Counsel of the Treasury Department where he participated in the formulation of international monetary and trade policy. He also worked with the Multilateral Development Banks and the International Monetary Fund.
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