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My guess is that Treasury goes to Paul Volker. He's a little long in the tooth but would be a good choice. Wouldn't mind seeing Larry Summers or Bob Rubin come back if Volker turns it down.


Volcker is probably too old, even if his health is still good. This recession will be here for a long time won't be easy on those who have to decide which industries etc to save and which to let fail. That job needs to go to someone who can see it through.

And Volcker probably doesn't want it. He wants to go fishing. It took considerable personal effort on the part of Obama just to get Volcker to start carrying a cell phone so that the probable next President could call for advice at any time(!)

Volcker probably just remains an adviser to the President without a formal post, but very much first among equals if the past is a guide.

Robert Rubin maybe.
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"If they can't picture me with a knife, forcing them to strip in an alley, I don't want any part of it. It's humiliating." - windsock