Geithner stress test sermons lack moral force

June 3, 2010

Timothy Geithner can't put his money where his mouth is.

Geithner presents timely challenge for EU banks

May 26, 2010

Michel Barnier wants Europe to be better prepared for the next financial crisis. But the EU's financial market chief's plan for bank taxes seems to miss the point. Timothy Geithner's push for EU-wide stress tests raises questions of its own. But at least the U.S. Treasury Secretary has identified the core problem facing Europe's financial sector.

An imagined future memo from Citigroup’s CEO

January 22, 2010

Suppose it is 2011 and the Volcker Act has recently passed, sharply curtailing U.S. banks' riskier activities and separating them from retail deposits. Citi's recently arrived chief executive Bob Steel, who is dismantling the group, puts out a memo to the bank's staff saying Tim Geithner has been hired as head of the bank's strategy and investor relations. Oddly, the imaginary scenario is not such a stretch.

Why Geithner will stay

November 23, 2009

One residual from Timothy Geithner's rough confirmation back in January -- "Turbo Tax Tim" and all that -- is that his political position is probably a bit more precarious than that of the typical newbie treasury secretary.

Herb Allison’s aim isn’t true

September 24, 2009

Herb Allison, the Treasury's man overseeing the $700 billion bailout fund, has provided another reason why it's rarely a good idea to put a former Wall Street executive in the position of making policy for banks.