Baltimore's Gary Gensler: Caught in the Maw
Add the name of Baltimore's Gary Gensler to the list of Obama administration nominees from the critical financial sector who are s-l-o-w-l-y making their way through the Senate confirmation process.
It's been almost two weeks since the confirmation hearing for Gensler, nominated to head the Commodity Futures Trading Commission and the nomination has yet to make it out of committee, much less to the Senate floor for a final vote.
A spokeswoman for the Agriculture Committee said Gensler's name was "still pending" before the panel. There's "no holdup," said Kate Cyrul, the committee's press secretary.
It's "just a scheduling thing," she insisted, after explaining that it wouldn't even be necessary for the committee to meet for a vote to take place that would move the nomination along.
That action could come as early as this week, she added.
Gensler's nomination was controversial because of his background as an official of the Clinton administration during the period when the foundation for today's financial mess was being laid. But senators from both parties have insisted that he'll get confirmed. Eventually.
Gensler is a bigtime Democratic money man and once served as treasurer of the Maryland Democratic Party. He was a leading supporter and fundraiser for Hillary Clinton's 2008 presidential campaign before switching his allegiance to Barack Obama after he defeated her in the primaries.