Jeremiah Norton, an architect of some of the Bushadministration's responses to the financial crisis, has beennominated by President Obama to the board of the FDIC.
Norton, an executive director of J.P. Morgan Securities LLC, wasdeputy assistant treasury secretary during the final two years ofthe presidency of George W. Bush. He worked on the Troubled AssetsRelief Program and the government conservatorship of Fannie Mae andFreddie Mac.
Before that, he was the top aide on banking issues to Rep. EdRoyce (R-Calif.), the lead sponsor of legislation to raise the cap on member business loans.
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