Who runs the White House….WALL STREET DOES!
Bloomberg-
President Barack Obama is considering two Wall Street executives, Raymond J. McGuire, the head of advisory business at Citigroup Inc., and Orin Kramer, a general partner at Boston Provident LP, for deputy Treasury secretary, according to a person familiar with the matter.
The president and Treasury Secretary Jack Lew are seeking a candidate with experience in financial markets to complement Lew’s background in fiscal policy.
McGuire, whose unit at Citigroup consults for clients on mergers and acquisitions, is one the highest-ranking blacks on Wall Street. Kramer served in President Jimmy Carter’s administration. Both would bring a deep understanding of capital markets to the position, said the person, who requested anonymity to discuss personnel matters.