Daily Archives: November 24, 2008

Chicago Friend Named as White House Social Secretary

desiree-rogers Desiree Rogers, a prominent Chicago businesswoman and Harvard MBA, will be named the first African American White House social secretary, sources in the presidential transition office said yesterday.

Rogers, 49, is a friend of Michelle and President-elect Barack Obama’s, and a leader in Chicago corporate and civic circles; her appointment signals that the first couple consider the job crucial to how they introduce themselves to the country and the globe. She was a major fundraiser for Obama.

Last week, Desiree Rogers hosted Valerie Jarrett’s birthday party that included the president-elect and Michelle Obama. ‘She has extraordinary flair and exquisite taste,’ Jarrett said. ‘My party was perfect — she had my favorite food, my favorite flowers.’

‘The president-elect and Mrs. Obama wanted a social secretary with extraordinary accomplishment who would bring vision and a fresh approach to the White House,’ said Stephanie Cutter, spokeswoman for the presidential transition.

In January, Desiree hosted a $1,000-a-person fundraiser for Obama that attracted 600 people.  “Welcome Back Barry”  See:  http://chicagoist.com/2008/01/09/welcome_back_ba.php

http://www.washingtonpost.com/wp-dyn/content/article/2008/11/23/AR2008112302555.html

Posted:  11.24.08

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Filed under Barack Obama, Human Interest, life, Michelle Obama, politics, President Elect Barack Obama, Uncategorized

Feds Rescue Citigroup on the Night Shift

“Some sweet sounds comin’ down” for Citigroup last night.

From New York Post:

The feds late last night announced an unprecedented plan to rescue Citigroup by taking a $20 billion stake in the desperately troubled bank and guaranteeing as much as $306 billion worth of its toxic assets.  Citigroup officials worked late into the night with a federal team led by Tim Geithner, the current president of the Federal Reserve Bank of New York.   

geithner 

Tim Geithner is expected to be appointed President elect Obama’s treasury secretary today.

Geithner is the architect of the global bailouts of the wrecked economies of several Asian and South American countries during the early 1990s.

When word was leaked Friday afternoon that he would head the Treasury Department in the Obama administration, stock markets zoomed, with the Dow Jones industrial average soaring nearly 500 points in the final hour of trading.

http://www.youtube.com/watch?v=xf6Hq3CW0o8&feature=related

http://www.nypost.com/seven/11242008/news/regionalnews/sinking_citi_gets_a_326b_lifeline_140525.htm?&page=0

Posted:  11.24.08

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Filed under Financial Crisis, life, politics, Uncategorized