3rd Treasury Nominee Withdrawn

The Treasury Department remains very understaffed at this point in time.

First the candidate for Undersecretary for International Affairs, Caroline Atkinson, had to withdraw her nomination because of a tax problem.

Then deputy treasury secretary pick Annette Nazareth withdrew from possibly being the next deputy treasury secretary because of concerns over her tenure as head of the Securities and Exchange Commission (SEC), particularly since she was in charge during the Bernard Madoff fraud.

Now H. Rodgin Cohen has withdrawn from consideration as the next deputy treasury secretary, most likely because he as been a lawyer for many major players on Wall Street.