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Top Barney Frank aide heading to Treasury

The top spokesman for Barney Frank, chairman of the House Financial Services Committee, is leaving Congress to help run public affairs for Treasury Secretary Timothy Geithner.

Steven Adamske, who has served as Frank's communications director through the tumult of the 2008 financial crisis and the effort to overhaul financial regulation, will replace Andrew Williams, deputy assistant secretary for public affairs.

Williams, who came to Washington, along with Geithner, from the Federal Reserve Bank of New York, will leave Treasury next month. He has been the leading spokesman on Treasury policies such as investments in the financial sector, regulatory reform, executive compensation and housing issues. Williams is returning to New York to take time off and figure out what's next.

In his new job, Adamske will be the administration's spokesman as it begins to overhaul regulation and regulators as directed by the Dodd-Frank bill. In the months before many of the bill's provisions take full effect, Geithner's responsibilities will grow. Adamske will also help design the press outreach on housing, among the next major issues to be taken up by the administration.

Adamske has a long history in communications in Washington. A profile of him in a publication of the University of California-Irvine, his alma mater, notes that he has worked for the 1992 Clinton/Gore campaign, Vice President Al Gore and several other lawmakers, including former senator Jon Corzine, Democrat of New Jersey.

"Being part of something larger -- whether it's being part of a person's presidency or working on specific legislation -- provides real job satisfaction," Adamske told the UC-Irvine publication. "I need to do something in my life that will give something back."

Williams said by e-mail that "it's been an incredible year and half here, and I'm proud of the team at Treasury and all that we have accomplished together." He said he's pleased "to be replaced by a pro like Adamske, he's knows these issues and the media inside and out. He'll be a true asset to Secretary Geithner and the Administration."

Update: Maintaining the helm of Treasury public affairs will be Jenni LeCompte, who serves as deputy assistant secretary for public affairs, operations.

By Zach Goldfarb  |  July 27, 2010; 8:45 AM ET
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seems to me he was put there to insure cuplability never leads back to franks or dodd...

Posted by: DwightCollins | July 27, 2010 9:04 AM | Report abuse

Seriously, Dwight. A little Swiftian logic where the guilty get rewarded the most. Recent articles in the WaPo suggest Fannie and Freddie losses will never be paid back, both under the manipulations of of Frank and Dodd. And they have the temerity to call out Bank Presidents. (and Obama's recent statement stating the economic problems can be completely blamed on the banking system. Talk about cynical, self-serving propaganda)

Posted by: Anonymous | July 27, 2010 9:11 AM | Report abuse

Oh goody! One of Barney's boys. Frank is the main reason Fannie and Freddie bought all those sub prime mortgages and the tax payer is now on the hook for trillions of dollars. Now one of his own is going to help the Treasury!!!!!!!!!

Posted by: Jimbo77 | July 27, 2010 11:02 AM | Report abuse

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