WASHINGTON INSIGHT
NO RUSH: It appears a void will remain in the top ranks of the nation’s financial regulators until after the November election, and one of those hung up by the intrusion of partisan politics is James Gilleran, the California banking superintendent. . . . Gilleran’s nomination by the Bush Administration to become comptroller of the currency is pending before the Senate Banking Committee. But the panel’s chairman, Democrat Donald W. Riegle Jr. of Michigan, has decided not to act on it in hopes that his party will control the White House come next January--and thus pick its own person for the post. . . . For the same reason, a permanent successor won’t be chosen before next year for the late William Taylor, who headed the Federal Deposit Insurance Corp.
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