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(Huffington Post) With Geithner's Replacement The Treasury May Get A Woman's Touch

 

The best way to make sure that the next secretary of the Treasury is not overly beholden to Wall Street might be to hire a woman.

There are several female candidates in the running to take over the job expected to be vacated fairly soon by Tim Geithner. The selection of any one of them would break up one of the last remaining all-boys clubs in the top echelons of the federal government.

It could also break the financial services industry's extraordinary hold on fiscal policy.

Among the leading women candidates: Christina Romer, who served as chairwoman of Council of Economic Advisers during the first two years of the Obama administration; Laura D'Andrea Tyson, a top economic adviser in the Clinton administration; and Janet Yellen, the vice chairwoman of the Federal Reserve Board.

Probably not by coincidence, these women share a more skeptical attitude toward Wall Street than many of the men being considered for the job -- not to mention the current occupant.

"Traditionally, finance has been a boys club and traditionally, Treasury secretaries have come out of the financial sector," said Linda Bilmes, who teaches public policy at the Harvard Kennedy School. "What we've had in Treasury for the large part is people who have been molded by Wall Street, and whose thinking is etched into certain Wall Street type patterns."

 

Read more:   http://www.huffingtonpost.com/2012/11/25/geithner-replacement-treasury_n_2170951.html?utm_hp_ref=women&ir=Women

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