Interesting resignations - and timed for the end of August ? When does Bernanke announce he leaving
as well ?
http://www.latimes.com/business/money/la-fi-mo-federal-reserve-elizabeth-duke-resignation-bernanke-economy-20130711,0,6444110.story
WASHINGTON -- Elizabeth Duke, a member of the Federal Reserve Board of Governors since 2008, will step down Aug. 31, the central bank announced Thursday.
Duke, 60, a former banking industry executive, said in her resignation letter to President Obama that it was an honor to serve as one of the central bank's seven board members and praised the leadership of Fed Chairman Ben S. Bernanke.
Duke said she was "especially gratified to have brought my own practical banking experience and community banking perspective" to the Fed's implementation of the 2010 Dodd-Frank financial reform law.
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Duke was appointed to the board by President George W. Bush to fill the remainder of a term that expired on Jan. 31, 2012.
She remained on the board after her end of her term, pending confirmation of a replacement by the Senate. But Obama has not nominated a replacement.
Neither Duke nor the Fed indicated her future plans.
"Betsy has made invaluable contributions to the Federal Reserve and to the country during her five years at the board," said Bernanke said.
"She brought fresh ideas grounded in her deep knowledge of the banking industry and the real-world dynamic between borrowers and lenders," he said. "I wish her the best in her future endeavors."
http://www.dni.gov/index.php/newsroom/press-releases/191-press-releases-2013/892-dni-statement-on-the-resignation-of-u-s-homeland-security-secretary-janet-napolitano
DNI Statement on the Resignation of U.S. Homeland Security Secretary Janet Napolitano
July 12, 2013
U.S. Secretary of Homeland Security Janet Napolitano announced today that she is stepping down at the end of August and will be nominated to be the next president of the University of California system. Janet has worked very closely with the Intelligence Community leading our efforts to safeguard our nation’s interests and to protect the homeland.
Since taking office in 2009, she has led important efforts including counterterrorism, border security, immigration enforcement, and disaster preparedness, response and recovery. During her tenure, Janet built a more collaborative information sharing environment with our federal, state, local and tribal law enforcement partners to have more effective methods of early detection of any domestic threats and support to natural disasters. As the President noted, Americans are safer and more secure because of Napolitano’s leadership.
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