I keep hearing about this and have mentioned it here a few times in passing.
From Bloomberg …
Treasury Secretary Timothy Geithner, under intensifying pressure from Wall Street and Congress to complete his financial-rescue plan, is being handicapped by a dearth of staff experts critical to the effort.
Geithner’s strategy of forging a partnership with private investors to buy toxic assets would benefit from aides steeped in law and finance to thresh out the competing interests in the plan. Yet the administration has yet to nominate people for any of the Treasury’s financial posts as the White House seeks to avoid Senate confirmation battles.
Administrations often take a while to fully staff out. But under present circumstances Treasury is really sui generis.
Josh Marshall is editor and publisher of TalkingPointsMemo.com.