A note of congratulations are in order for Michael Barr, who has worked with the Initiative and CAP to design an innovative financial stability program. He has been named Assistant Secretary for Financial Institutions in the Treasury Department. Sounds like a pretty plum job to me – I mean who ever hears anything about bank and financial regulation in the news these days?
This also marks a key milestone in my own life, as the Assistant-Secretary-Designate becomes the first future sub-Cabinet officer to ride in the backseat of my car.
Anyway congrats Michael and sorry for the cramped seating!