Neal S. Wolin is the current U.S. Deputy Treasury Secretary. On March 2009, President Barack Obama nominated Wolin as Treasury Secretary Timothy Geithner's deputy secretary. Wolin spent six years in the Clinton administration as deputy counsel and general counsel at the Treasury. He has also served in numerous other government positions, including stints at the National Security Council (NSC) and the Central Intelligence Agency (CIA). Wolin has a...
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Neal S. Wolin is the current U.S. Deputy Treasury Secretary. On March 2009, President Barack Obama nominated Wolin as Treasury Secretary Timothy Geithner's deputy secretary. Wolin spent six years in the Clinton administration as deputy counsel and general counsel at the Treasury. He has also served in numerous other government positions, including stints at the National Security Council (NSC) and the Central Intelligence Agency (CIA). Wolin has already worked in the Obama administration as the White House deputy counsel for economic policy and deputy assistant to the president.
In 1999, Wolin supervised a team of Treasury lawyers that drafted a version of the Gramm-Leach-Bliley (GLB) Financial Modernization Act that allowed banks, insurance companies and brokerage firms to merge. Economists largely agree that while the merger may not have directly led to the current recession, it opened the door to the creation of large financial institutions. Some of these institutions have been...
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