President Obama has decided that CFTC chief Gary Gensler, unlike most of his first-term economic team, is worth keeping around. Gary Gensler agrees. Now if only they could figure out in what capacity.
The president wants Gensler to stay right where he is. Gary has some other ideas.
Mr. Gensler, the people briefed on the matter said, has discussed other senior financial roles with the White House. The jobs could include deputy Treasury secretary and head of the Commerce Department. Two of the people said Mr. Gensler was once interested in running the Securities and Exchange Commission, though President Obama recently nominated Mary Jo White for that job.
The White House has apparently countered with another five years at the CFTC. Gensler is thinking about it; either way, he’ll be around until the end of the year.
In an interview on Tuesday, however, Mr. Gensler said his task was not yet complete.
“It’s an incredible privilege and there’s still a lot of work to be done here at the C.F.T.C.,” he said. He declined to identify the other government posts he would pursue.
Futures Agency’s Leader Is Expected to Remain [DealBook]
White House Asked Gensler to Stay at CFTC [WSJ]
Tag: Promotion Denied
Shaz, I bet you know alot about this topic
I'd be interested in physically kicking around Jon Shazar.
Hey Shaz, are you projecting?
I feel like even Shazar doesn't read these posts
RIVETING STUFF!
Shazzy, put on a sweater and don't forget to eat your Chokladrokant cake !
Hugs,
Mom
Waffles
Shaz, what do you know about being kicked around?
Oh the irony. The sweet irony.
Yeah "there's alot more work to do" — like enacting/implemementing more regulation that achieves the polar opposite of what was intended –they'got some real sharpies down there…….