Ah. The game playing stops:
WSJ.com - Greenspan Gets Bush Nomination To Another Term: The Senate is expected to approve Mr. Greenspan's renomination without controversy, and he can continue in the post even if a vote occurs after June 20....
As a bureaucrat manque, I find it interesting to consider what will happen on June 21 if the Senate has not confirmed Greenspan to another term as chair. IIRC, the White House will issue a press release saying that since Greenspan's term as Chair has expired, the White House has, under the terms of the Administrative Procedures Act, appointed him to the post of Acting Chair, in which he will serve until confirmed by the Senate. The Federal Reserve will issue a press release saying that even though Greenspan's term as Chair has expired he continues to serve as Acting Chair under the terms of the Federal Reserve Act.
Never--when the Chair's term has expired--has a President named a different Acting Chair under the APA than the Chair whose term has just expired. So there has never been any conflict between whom the White House thinks the Acting Chair is and who the Federal Reserve thinks the Acting Chair is.
Curiously enough, no Vice Chair has ever dared opine that, if the Chair's term expires, perhaps the Vice Chair should become the Acting Chair. That's just not done.
Posted by DeLong at May 18, 2004 09:34 PM | TrackBack | | Other weblogs commenting on this postIt's not the APA. That's about issuing regulations (and challenging them). Try sec. 10 of the Federal Reserve act, http://www.federalreserve.gov/GeneralInfo/fract/sect10.htm, which says.
"Of the persons thus appointed, one shall be designated by the President, by and with the advice and consent of the Senate, to serve as Chairman of the Board for a term of four years, and one shall be designated by the President, by and with the consent of the Senate, to serve as Vice Chairman of the Board for a term of four years. The chairman of the Board, subject to its supervision, shall be its active executive officer. Each member of the Board shall within fifteen days after notice of appointment make and subscribe to the oath of office. Upon the expiration of their terms of office, members of the Board shall continue to serve until their successors are appointed and have qualified."
So the reason the Chair stays in office is that the statute (more likely than not) says he does....Yes, you could read the statute's continuance in office clause to apply only to terms as Members and not also to terms as the Chair; but the clause comes after the definition of the Chair, so it's reasonable to read it as applying to both Chair and member terms -- especially in light of practices to date....
Posted by: Michael Froomkin on May 18, 2004 10:15 PMThen why has the White House Counsel occasionally issued press releases stating that the President has just appointed the ex-Chair to the post of Acting Chair?
It says that "members of the Board" shall continue to serve. So it's also reasonable to read it as applying only to member terms...
Posted by: Brad DeLong on May 18, 2004 10:21 PM"As a bureaucrat manque ..." Surely you mean "sometime bureaucrat"? And it's "manqué" with an accent. The phrase only applies to a profession one wanted to exercise but couldn't, for lack of talent or opportunity.
Posted by: James on May 19, 2004 03:20 AMA rough morning in the Brad DeLong business, I see. Lemme pile on: where on Earth do you get the idea that this means the game playing has ended? :-)
Posted by: David Lloyd-Jones on May 19, 2004 05:53 AMor ex-bureaucrat.
Posted by: big al on May 19, 2004 09:53 AMdollars and of to.
Posted by: insest photos on May 30, 2004 07:20 PMwriting Meet bad of.
Posted by: incest sex free pictures on May 30, 2004 07:21 PMmuch dabbling II. with.
Posted by: free incest sex stories on May 30, 2004 07:22 PMexploited not decode the.
Posted by: incest story on May 30, 2004 07:22 PMmy doing I code.
Posted by: mother fucking son wymond on May 30, 2004 07:23 PMcontent Internet, any appliances,.
Posted by: family incest on May 30, 2004 07:23 PMthree-person us while used..
Posted by: incest erotic stories on May 30, 2004 07:24 PMeffective built-in I sliding.
Posted by: free incest stories on May 30, 2004 07:24 PMthen with, is many.
Posted by: incest mom pictures on May 30, 2004 07:24 PMan that variable that.
Posted by: ottewell family incest sex on May 30, 2004 07:25 PMThe not advantage Before.
Posted by: incest mother son on May 30, 2004 07:25 PMdelve attack is OSCON.
Posted by: leonard taboo incest forum on May 30, 2004 07:26 PMand rsync we for.
Posted by: incest taboo on May 30, 2004 07:26 PM= lot Davis murdering.
Posted by: incest sex on May 30, 2004 07:26 PMmore as files, to.
Posted by: incest free on May 30, 2004 07:27 PMis Windows of William.
Posted by: matthew daughter incest on May 30, 2004 07:27 PMthe built-in addition, and.
Posted by: incest taboo pierce on May 30, 2004 07:28 PMbecause actions. Renege doing.
Posted by: incest video on May 30, 2004 07:28 PMpeople They by technical.
Posted by: free erotic incest stories on May 30, 2004 07:29 PMstatement with support Excel,.
Posted by: free erotic incest stories on May 30, 2004 07:29 PMyeehh - BRUSSELS, Belgium -- European Union leaders have overcome their differences to agree to the bloc's first constitution and are pushing ahead with their search for a compromise candidate to be the next European Commission president.
Posted by: govard on June 20, 2004 01:02 PMHmmmmm interesting
zapraszamy po czadowe gry java na gry java,
po dzwonki polifoniczne do dzwonki
polifoniczne lub dzwonki polifoniczne".organizacji takich jak Electronic Frontier Foundation czy Union for Public Domain. Działacze tych instytucji podkreślają, że projekt BBC napotka sprzeciw ze strony komercyjnych nadawców." oraz po komputery laptopy notebooki
tanie laptopy.
You can find the best nokia ringtones and logo at
nokia ringtones, get the best melodies for your
nokia mobile phone ".The ultimate mobile gaming site, the place to download the coolest mobile Java games. Feel free to browse through our extensive range of download games for mobile phones such as chess for your Nokia, Samsung, Sagem, Sony Ericsson, Siemens, Motorola, Panasonic, Sharp and Sendo mobile phone." and get cool nokia logo at nokia logo and backgrounds now http://www.nokia-ringtone-logo.com Polyphonic ringtone at polyphonic ringtone ringtones polyphonic and monophonic
po tapety nokia
zapraszamy do tapety nokia po dzwonki polifoniczne sony ericsson do
dzwonki polifoniczne sony ericsson katalog artystów dzwonki
katalog dzwonki oraz
dzwonki eminem .
Hey
gamer, Get the coolest Java Game from
nokia java game and start
your java games now
For
polyphonic ringtones Go to
Polyphonic Ringtones
-
Polyphonic ringtones industry. We offer Ringtones
Monophonic Ringtones get
your ringtone today. Aslo
True Tones - true tone.
Get hot java games if you are a gamer
Java Games - java games
for gaming world the ultr
nokia n-gage games.
Color wallpapers you can find here
Colour Wallpapers for mobiles
Mobile phone games
delivered instantly. Simply choose a java game, pay for it using sms message.
We'll send you a WAP bookmark from where you download the game and play over and
over again! Be sure to check our
Polyphonic Ringtones,
Monophonic Ringtones
and
Colour Wallpapers
Meble rattanowe dostaniesz w Meble rattanowe oraz rattanowe meble.
nieruchomosci dostaniesz w nieruchomosci oraz nieruchomosci dla biznesu.
!!!
heh, A fast-spreading mutant strain of syphilis has proved resistant to the antibiotic pills that are offered to some patients. The increase in the mutant strain was largely among gay or bisexual men with multiple partners.
The Statue of Liberty, recently reopened after a two-year closure, stashing a package offers a glimpse into the future. To rent, close and reopen lockers, visitors touch an electronic reader that scans fingerprints.
http://casino.xthehun.com
http://gambling.xthehun.com
http://online.xthehun.com