Economist Troske Replaces Paul Atkins on TARP Panel

Former Securities and Exchange Commission member Paul Atkins resigned from the congressional panel overseeing the Troubled Asset Relief Fund, becoming the fourth Republican to leave the panel since its creation in 2008.

Atkins, 52, will be replaced by University of Kentucky economics professor Kenneth Troske. Three other Republicans have left the board: New Hampshire Senator Judd Gregg, Texas Representative Jeb Hensarling and former New Hampshire Senator John Sununu.

Troske, like Atkins, was chosen by Republican leadership for the Congressional Oversight Panel. The board, set up in October 2008, has five members, three appointed by Democrats and two by Republicans. Troske’s appointment and Atkins’s resignation were announced by the panel in an e-mail statement today.

Troske, 48, has written about the labor market and the impact of technology on the workforce, according to his website. He received master’s and doctorate degrees in economics from the University of Chicago.

“There are questions I think we need to push a little harder on what the long-term implications and ramifications are of the actions that were taken in the past,” Troske said in an interview. He said he was approached by the staff of Senate Minority Leader Mitch McConnell, of Kentucky, about joining the panel.

Atkins was an SEC commissioner from 2002 to 2008, appointed by President George W. Bush.

“I have so much going on personally and professionally in my firm and everything else that something had to be jettisoned to keep my sanity,” Atkins said in an interview. Atkins is managing director of Patomak Partners LLC, a Washington-based consultant to financial services firms.

To contact the reporters on this story: Ian Katz in Washington at ikatz2@bloomberg.net; Robert Schmidt in Washington at rschmidt5@bloomberg.net.

To contact the editor responsible for this story: Christopher Wellisz in Washington at cwellisz@bloomberg.net

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