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Treasury Secretary Bloomberg?

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Remember last year, when not a day went by without people claiming Tim Geithner was getting fired and the White House had supposedly all but forced him to move into an office in the basement where the pipes leaked so that they could prepare the place for Jamie Dimon, who we were to believe was TG replacement? That died down for a bit, in part because Geithner's pussy outreach program was pretty successful and also because he came in handy for pick-up games. Mostly, though, it was because Obama and Dimon's relationship hit the skids and the President needed to find someone else to make Geithner worry about. Allegedly he has. And his name is Mike.

Is Mayor Bloomberg being wooed to join the Obama administration? Asked about last weekend's four-hour golf game with President Obama on Martha's Vineyard, Bloomberg told reporters yesterday, "The economy was the main subject, other than discussing golf." Now there are whispers that the president went even further and sounded out Bloomberg about whether he would join his foundering economic team as treasury secretary, replacing prime blame-target Timothy Geithner.

Insiders say multibillionaire Bloomberg, who was on the short list for the gig in 2008, has the star power and credibililty to help Obama. "It's been the focus of a lot of discussion," said one Democrat. "He's very well-liked and well-respected on Wall Street."
Even more, a move to Washington would be a package deal for the mayor. His girlfriend, Diana Taylor, a former New York state banking superintendent, has been eyeing the Federal Deposit Insurance Corp. chair since 2006, when it was rumored that the National Rifle Association scuttled her chances because of Bloomberg's anti-gun stance. Current FDIC chair Sheila Bair's term will be up next year.

"It's the proverbial cherry on the sundae," a source says. "It's all kind of pieced together."

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Jack Lew To Be Nominated For Treasury Secretary, Sent To Penmanship School

As you have likely heard, President Obama plans to put Tim Geithner out of his misery tomorrow by nominating Jack Lew for Treasury Secretary. Lew is known for being Obama's White House Chief of Staff and also for having an absurd signature. And not like chicken scratch illegible-absurd, like not resembling anything in the alphabet, might as well have drawn an illustration of two alpacas fornicating/signed his name Mariah Carey absurd. And, should he be confirmed and subsequently have his name printed on a bunch of dollar bills, Lew will likely be forced to come up with something that actually looks like it spells "Jacob Lew" as opposed to what is he is currently signing receipts and important documents with, i.e. this: