Thursday, March 12, 2009

Help Wanted - A liberal who pays their taxes

Yet another nomination withdrawal from the Obama Amateur Variety Show.....

Democratic sources say that H. Rodgin Cohen, a partner in the New York law firm Sullivan & Cromwell LLP, and the leading candidate for Deputy Treasury Secretary, has withdrawn from consideration.

It's the third withdrawal of a top Treasury Department staff pick in less than a week.
I reported last week that Cohen was likely to be officially nominated for the Deputy Treasury Secretary position.

Cohen has been a counsel to just about every major player on Wall Street, which perhaps complicated his nomination.

Now, the nomination is off.

Democratic sources said that an issue arose in the final stages of the vetting process.

As one source put it, "it's back to the drawing board."

Cohen had risen to the top after the withdrawal last week of expected deputy treasury secretary pick Annette Nazareth.

Nazareth was forced to withdraw from consideration for the deputy treasury slot because senators made it clear she would face tough questioning over her time at the Securities and Exchange Commission -- tenure that overlapped with the agency's failure to catch Bernie Madoff.

And the candidate for Undersecretary for International Affairs, Caroline Atkinson, was told she had to withdraw after a "tax problem" was revealed early in the vetting process, according to officials.


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