Search for New Undersecretary
July 29, 2009 by admin
The United States government is looking for a person for the office of the undersecretary and it looks like one person stands very bright chances to go with the winning position. Mr. Jeffrey Goldstein, is currently the managing director to a private equity firm named Hellmann & Friedman LLP. This is an investment firm that has stakes in a variety of companies starting from Insurance to health care. Formerly he retired as the chief financial officer of the World Bank. Now it has been heard from reliable sources that the President Mr. Barack Obama of planning to nominate Goldstein as the new under secretary for the United States treasury department, and he would be expected to assist the secretary there Mr. Geithner, on the financial matters of the United States. The nomination is expected to be a month long procedure and is expected to bring Mr. Geithner’s search for a secretary to an end.
Mr. Goldstein’s is quiet likely to be in a different role compared to the others who were his predecessors. Mr. Geithner has already brought in his team of warriors to combat a lot of financial issues at hand in the United States. Some of the examples for the same could be termed as the bail out that was issued for $700, the initiatives around health care and towards the development of the indigenous small businesses. The experiences of Mr. Goldstein is quiet likely to come in very handy for the financial advisory as the United States has a lot of investments in the financial sectors, viz. banks and the insurance companies.
Mr. Goldstein’s nomination is almost confirmed by Wednesday but one thing that we are not quiet sure of is the time line of his confirmation. On the other hand there are other nominees who awaits their confirmation too and that would include Lael Brainard. I think it would be appropriate here to tell you that Mr. Lael Brainard is Mr. Geithner’s nomination for the office of the undersecretary for the international financial matters of the United States.
