Obama's Short List


Speculation is swirling over the names on Barack Obama’s short list. The nation is eager to learn just who will be offered key positions in his administration, with the next Treasury Secretary generating probably the most conjecture.

The Short List

Newspaper reports suggested New Jersey Governor Jon Corzine is being vetted for the position. Meanwhile we're hearing other names on the short list include former Clinton Treasury head Larry Summers, New York Fed president Tim Geithner, former Fed Chair Paul Volker and possibly BlackRock CEO Larry Fink.

According Dylan Ratigan, it’s widely believed that Larry Summers is at the top of the list. What does that mean for the Street?

“I don’t think Larry Summers’ bag of tricks will be any different than Hank Paulsons,” says CNBC’s Steve Liesman on Fast Money. In other words Summers basically agrees with the prescriptions made by the Bush administration.

Karen Finerman, however, thinks he could put the Street at ease. “He was there during the Asia crisis and did a fine job.”

“In terms of Geither, he’s one of Bernanke’s first lieutenants,” reminds Liesman. “He would be sorely missed by the Fed if he’s selected.”

What do you think? Tell us now!

Other Appointments

As for other cabinet appointments, we found a few reports suggesting who else might be on tap. We thought you’d find them interesting.

The Associated Press reports that Obama had offered Rep. Rahm Emanuel, D-Ill., the job of White House chief of staff, but it was not known whether he has accepted.

And ABC News reports that Obama has added Arizona Gov. Janet Napolitano, former Clinton Transportation and Energy Secretary Federico Peña, and former Clinton Commerce Secretary William Daley to his transition team.

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Trader disclosure: On Nov.5, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (BTU), (GS), (MSFT), (INTC), (NUE); Macke Owns (WMT), (MSFT), (DIS), (UUP), (SDS); Pete Najarian Owns (BNI) Puts: Pete Najarian Owns (CHK) Call Spread; Pete Najarian Owns (YHOO) And Is Short (YHOO) Calls; Finerman's Firm Owns (UFS), (MSFT); Finerman's Firm Owns (OIH) Puts; Finerman's Firm Is Short (WFC), (IYR), (IJR), (IWM), (SPY), (USO), (MDY), (GNK)

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