Academic

Treasury: The Most Republican of the Departments

By Gordon Smith, Christine, Hurt, Vic Fleischer, Fred Tung, Lisa Fairfax, David Zaring

Administrative lawyers know that the action these days is in Treasury - it is administering the bailout, it's playing a big role in the war on terror, and it chairs CFIUS.  And OMB plays no role in supervising any of those responsibilities.  Other titans of the administrative state - EPA, the SEC - have had a poor eight years.

So its interesting to note that in addition to Timothy Geithner, who might have been McCain's Treasury Secretary, the department has, for now, kept Paulson's GC on the job.  Depending on how you feel about DoD, Treasury looks like the most republican of Obama's departments.

Full post as published by Conglomerate on January 26, 2009 (boomark / email).