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Friday, February 03, 2006

Did the NRA Stop the FDIC Chair Nomination?

Okay, now I'm curious. Was it the NRA or not?:

F.D.I.C. Post Seems Unlikely for New York Banking Chief, by Jim Rutenberg and Raymond Hernandez, NY Times: This much is known: As of last week, it was assumed in Washington and on Wall Street that the White House would nominate Diana L. Taylor, the New York State banking supervisor — and companion of Mayor Michael R. Bloomberg — as the new chairwoman of the Federal Deposit Insurance Corporation.

Associates said she had told them the nomination to the F.D.I.C. was in the offing, the White House had signaled to some staff members on the Senate committee that approves such appointments that her nomination was being prepared, and F.B.I. background investigators were calling her friends and colleagues. This much is not known: What exactly changed in the last few days to scuttle the expected nomination, which now seems unlikely.

One senior aide on the Senate Banking Committee, who, citing the sensitivity of the matter, spoke on the condition of anonymity, pointed yesterday to the National Rifle Association. The mayor is singling out the group for criticism as he begins a new campaign for tougher national gun laws. "Our understanding is that the nomination was going to be sent to the Senate this week," the aide said. ... When it was not, the aide said, ... "The reason we were given is that the N.R.A. had a bee in its bonnet about Bloomberg's position on guns and wanted to try to send him a message," ...

But association officials denied it had anything to do with the matter. "We have checked internally, and no one from the National Rifle Association had any communication with either the White House or members of the committee on the nomination," said Andrew Arulanandam, a spokesman for the association...

The WSJs Washington Wire reports:

Administration scrambles for new FDIC chief after expected nomination fizzles for New York Banking Superintendent Diana Taylor, the companion of New York City Mayor Bloomberg. Speculation focuses on deputy Social Security commissioner James Lockhart.

And here's the latest from the NY Times:

Mayor's Companion Suggests 'Machinations' Cost Her a Job, by Diane Cardwell, NY Times: ...Diana L. Taylor, the New York State banking superintendent ... spoke publicly for the first time yesterday about her aborted nomination to head the Federal Deposit Insurance Corporation, saying she was mystified about why she was passed over. ... Ms. Taylor implied that political considerations may have killed her nomination. "You know as much as I do," she told board members about why she did not get the post, "whether you think it was the N.R.A. or the tobacco lobby or some cabal." ... Some suggested that the reason was pressure from the National Rifle Association, which denied any role, and the tobacco lobby, two interests with reason to be unhappy with Mr. Bloomberg. ... In an interview ..., she ...repeated that she had "no idea" what had gone on behind the scenes. "I know what I read in the papers," she said...

    Posted by on Friday, February 3, 2006 at 02:25 AM in Economics, Monetary Policy, Politics | Permalink  TrackBack (0)  Comments (3)

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