Treasury Secretary Timothy Geithner may be new to Washington but he is not new to the financial chaos that has leveled global markets in the past year. From his former perch atop the Federal Reserve Bank of New York, the youthful Geithner has been involved in virtually all major efforts to restore stability to shaky financial markets. In his new role, he is now overseeing the latest effort to rescue banks laid low by their exposure to mortgage-related debt.
What’s your view? How has Geithner handled the early days of his new job?
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6 comments so far
I can’t get past the unpaid taxes enough to trust him at all. His interests, obviously come before ours and he has been a part of the problem. No confidence would be my vote.
- Posted by R SpencerThe reaction of the market speaks for itself. The market rallies on the hope of a thoughtful approach by the government. Then Obama and Geithner speak and the market collapses. No confidence.
- Posted by r willHe is a stellar performer in the fine tradition of Washington economics. If you can’t see a debt-driven train wreck coming, at least you can keep spending money we don’t have to fix it.
- Posted by Russ in PALeadership has been demonstrated. The problem is it far too early to guage effectiveness. The instant grade mentality of the modern media is absurd, and all too often a partisan measure. Failure or success in this crisis will be measured over months and years, not in hours or days.
- Posted by S NobleWow, only in America can you go without paying taxes for 4 years and then get appointed to head the department that oversees tax collection.
- Posted by Dan RathbunIf I were to go that long without paying taxes, the IRS agent would be knocking on my door with handcuffs.
But as the president said, It was an “Honest” mistake. Bolonga.
The man can not do his own taxes correctly or honestly, I have no hope of his ability to lessen or aviod the coming depression.
- Posted by Drewid