Prior to his selection, Mister Geithner served as President of the New York Federal Reserve Bank. In his career, he worked closely with former U.S. Federal Reserve Chief Alan Greenspan, Bush Treasury Secretary Henry Paulson, and head of the Federal Reserve Ben Bernanke, and oh yes, venerated Economist Paul Krugman.
Overdue taxes were paid to ensure that all appeared proper and in order. That is, at least some of the levees never accounted for were remunerated. Other outstanding tariffs, Tim Geithner was told, need not be paid; the statute of limitations had lapsed.
Just as had been with much else in his life, Tim would be forgiven for his forgetfulness or failures to do what most think ethical. No one would think to inquire of the enormous sums the Head of Treasury would garner for his friends, former colleagues, and himself. People were expected to consider the pittance he "earned" as a civil servant and be reassured, Tim Geithner is committed to the good of the country. After all, were he still with his previous employer, investment firm Goldman-Sachs, Secretary Geithner's salary would have been far greater.
The power Timothy Geithner garnered throughout his life cannot be counted. Personal financial gains for friends, former colleagues, and himself are ample. Influence is near infinite. Why not, some might say, give Geithner more authority to rule. He has "earned" it. Perhaps, one day in a sequel to Professor Krugman's recent tome, "America the Tarnished", the established Economist will reject the cry, "Why not indeed." He might even pen prose that state more directly Timothy Geithner, his retention, and the rewards he has already received are a significant part of "the crisis [that] has cost America much of its credibility, and with it much of its ability to lead."
References for a Geithner Rule to be realized:
- Geithner says U.S. to help strengthen GM, Chrysler. Reuters. Automotive News. March 29, 2009
- Geithner Says Some Banks Need 'Large Amounts' of Assistance, Bloomberg. March 30, 2009
- On "Tonight Show," Obama Defends Geithner. CBS News. March 19, 2009
- Geithner turnaround helps U.S. at G20 meeting, By Glenn Somerville. Reuters. Comcast News. March 31, 2009
- Tim Geithner: $135 Billion of TARP Cash Left, By Luke Mullins. USA Today. March 30, 2009
- G20 summit: Timothy Geithner calls for global regulation, By James Quinn Telegraph. March 27, 2009
- Geithner Seeks Broader Powers Over Financial Firms, By David Stout and Brian Knowlton. The New York Times. March 25, 2009
- Federal Deposit Insurance Corporation
- Geithner, Bernanke, testify before the House Financial Services Committee, By Emily Flitter. Bank Think. American Banker. March 24, 2009
- Treasury Secretary: Timothy Geithner, By Frances Romero. Time Magazine. November 2008
- Geithner plan 'financial hocus pocus': Krugman. Reuters. March 23, 2009
- Geithner Asks Congress for Broad Power to Seize Firms, Goal Is to Limit Risk to Broader Economy. By Binyamin Appelbaum, David Cho and Debbi Wilgoren. Washington Post.?Tuesday, March 24, 2009; 10:42 AM
- Obama Picks Geithner, an Insider, for Treasury, By Massimo Calabres. Time Magazine. November 22, 2008
- American International Group, Incorporated.
- AIG Insurance American International Group, Incorporated.
- AIG Business Solutions. American International Group, Incorporated.
- AIG Financial Services. American International Group, Incorporated.
- Geithner Hearing Scheduled for Jan. 21, By Jackie Calmes. The New York Times. January 14, 2009
- A Free-Spirited Wanderer Who Set Obama's Path, By Janny Scott. The New York Times. March 14, 2008
- The Group of Thirty, a Consultative Group on International Economic and Monetary Affairs.
- The Geithner put, By Paul Krugman. The New York Times. January 30, 2009
- Rescue Plan, With Fine Print, Dazzles Wall Street, By Jackie Calmes. The New York Times. March 24, 2009
- The grown-Ups are coming, By Paul Krugman. The New York Times. November 22, 2008
- Despair over financial policy. By Paul Krugman. The New York Times. March 21, 2009
- Geithner, Holder Reap Rewards for Failure, By Margaret Carlson. Bloomberg. January 29, 2009
- America the Tarnished, By Paul Krugman. The New York Times. March 30, 2009
Updated Reference . . .
- Obama's Economic Plan: A Version of the Monopoly Game, But No One Loses, By William Greider. The Nation. AlterNet. March 28, 2009
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