[ by Howard Haykin ]

Changing Faces, Changing Places - Who Besides Tim Geithner is Expected to Leave?

If Washington's Priority #1 is "Resolving the Fiscal Cliff," what can possibly be #2?  A good possibility is the D.C. 4-Year Shuffle, or "Who's Leaving and Who's Coming In."  With President Obama heading into his 2nd term in office, his administration is likely to feature some new faces atop the regulatory agencies that oversee Wall Street.  Treasury Secretary Timothy Geithner is expected to leave Washington by year's end, along with Fed Chairman Ben Bernanke. 

Andrew Ross Sorkin, Dealbook Editor, provides his insights into some of this year's more probable participants.  Let's check out his list and follow expectations.

Timothy Geithner, Treasury Department.    He plans to leave office at the end of Mr. Obama’s first term.

Banking Regulators
Thomas Curry, Office of the Comptroller of the Currency.   His tenure will span the entire 2nd term of the Obama administration. His 5-year term began last spring.

Martin Gruenberg, FDIC.   He is somewhat in limbo. In a compromise deal, Congress confirmed him to a term on the FDIC’s board but did not approve his candidacy for chairman. He remains the acting chairman.

Ben Bernanke, Federal Reserve.    His term ends in January 2014, and he's told friends that he is not likely to stand for re=election.

Richard Cordray, Consumer Financial Protection Bureau.  His term is a ticking clock, set to expire at the end of 2013, because he was appointed during a Congressional recess without the Senate’s blessing.

Market and Housing Regulators
Gary Gensler, Commodity Futures Trading Commission.   His term expired this year, but he can continue to serve through 2013.

Mary Schapiro, Securities and Exchange Commission.   Her term extends through much of 2014, but she is fatigued and is expected to resign in the coming weeks.  [C-I Note:  See our posting on Wednesday, expressing our views and hopes that Ms. Schapiro, stays on, even if it means taking a leave of absence for couple of months.  Click Here.]

Edward DeMarco, Federal Housing Finance Agency.   He's an interim chairman who has fallen out of favor with the White House.  Mr. Obama reportedly plans to oust him next year.

For further details, go to:   [Dealbook, 11/7/12].