Geithner Loses Top Deputy Pick

Treasury Secretary Tim Geithner’s staffing problems just got worse: His chosen chief deputy, former Securities and Exchange Commission member Annette Nazareth, has taken herself out of the running. The not yet nominated Nazareth, 53, was frustrated at her drawn-out selection process and concerned that she would face a Senate grilling over her SEC tenure, Bloomberg reports. (She helped design the oversight regime that failed to catch Wall Street massive risk taking.) Her withdrawal couldn’t have come at a worse time for Geithner, who has no confirmed deputy or undersecretaries to help him deal with the global financial crisis.