• 30 Jun 2011 at 3:43 PM

Tim Geithner “Needs A Break,” May Leave After Debt Deal

By Bess Levin

Bloomberg reports TG may soon be riding off into the (Larchmont) sunset.

Treasury Secretary Timothy F. Geithner has signaled to White House officials that he’s considering leaving the administration after President Barack Obama reaches an agreement with Congress to raise the national debt limit, according to three people familiar with the matter. Geithner hasn’t made a final decision and won’t do so until the debt ceiling issue has been resolved, according to one of the people. All spoke on condition of anonymity to discuss private discussions.

[...]

Geithner, 49, has told associates that he needs a break from government service after dealing with the turmoil that followed the collapse of Wall Street firms including Bear Stearns Cos. and Lehman Brothers Holdings Inc., first as president of the Federal Reserve Bank of New York and then as Obama’s treasury secretary. Family considerations also are playing a role in Geithner’s deliberations, according to the people. His son has decided to finish his final year of high school in New York.

This all feels so sudden that it’s difficult to process. Some initial thoughts/questions for us to work through together: In addition to family time, what should TG do with his newfound free time? Who should take over? ARE WE MONTHS AWAY FROM TREASURY SECRETARY DIMON?

Geithner Said To Leave Treasury After Debt Debate [Bloomberg]

Comments (48)

  1. 1
    Posted by guest | June 30, 2011 at 8:05 PM

    This BS he was caught with a bunch of drunk hookers spending taxpayers money.
       –Elliot steamroller

  2. 2
    Posted by The Economy | June 30, 2011 at 8:08 PM

    Is he going back to Goldman Sachs?

  3. 3
    Posted by Warren Christopher | June 30, 2011 at 8:17 PM

    He is going back to Romulus, from the looks of the photo.

  4. 4
    Posted by InternParties | June 30, 2011 at 8:19 PM

    You know who else needs a break?  You, Bess.

    Ulysses!

    -not the former You Know Who but a fan of his work

  5. 5
    Posted by WallStreetFatCat | June 30, 2011 at 8:19 PM

    I’m sure Bernanke would love to work with Jamie Dimon…

  6. 6
    Posted by Guest | June 30, 2011 at 8:23 PM

    So, he promises to leave if we raise the debt ceiling?  Deal!

  7. 7
    Posted by early hominid | June 30, 2011 at 8:33 PM

    New head of the Foundation for Social Affairs and Woodland Folk

  8. 8
    Posted by early hominid | June 30, 2011 at 8:37 PM

    Wait.  Son?  Tim’s had sex? 

  9. 9
    Posted by Obama hates the rich | June 30, 2011 at 8:44 PM

    He’s going to start campaigning for Obama’s special tax on corporate jet owners. I’m so happy the US is becoming just like France. What’s next a wealth tax?

  10. 10
    Posted by Anal_ist | June 30, 2011 at 8:45 PM

    I heard that it was because he got his ass kicked on the playground by the pudgy kid who always gets picked last in kickball.

  11. 11
    Posted by JBEV | June 30, 2011 at 8:50 PM

    he never worked at GS…

  12. 12
    Posted by The Economy | June 30, 2011 at 8:51 PM

    Lost.Joke.You.On

  13. 13
    Posted by JBEV | June 30, 2011 at 8:51 PM

    please go back to drudgereport and fail to come back

  14. 14
    Posted by Motives | June 30, 2011 at 8:51 PM

    Wrong, he got his ass kicked playing hoops against a bunch of >5ft chinamen.

  15. 15
    Posted by Carl | June 30, 2011 at 8:52 PM

    Probably begging for his old post at Madison Hotels.

  16. 16
    Posted by LimitDownZC-LOL | June 30, 2011 at 8:56 PM

    i can’t figure it out – is it a government sachs joke or something?

  17. 17
    Posted by William | June 30, 2011 at 8:58 PM

    Don’t leave us Timmy. You were our rudder on this ship of fools !
    Reconsider your motives for the sake of the country man.

    Guy who think life is a shakespearean  play.

  18. 18
    Posted by NattyLAX | June 30, 2011 at 9:06 PM

    Richie Bottles, welcome back to DB

  19. 19
    Posted by REMAX | June 30, 2011 at 9:25 PM

    Better stay in the New York metro area

  20. 20
    Posted by Guest | June 30, 2011 at 9:29 PM

    He’s leaving because the tax rate is looking to go up on rich people. You know how he loves paying those taxes, not. Bet he’s taking a gig in Geneva.

  21. 21
    Posted by Duke | June 30, 2011 at 9:34 PM

    Santa needs his favorite elf back up at the North Pole-

  22. 22
    Posted by Mrs. Geithner | June 30, 2011 at 9:37 PM

    He would like to get out of DC by the end of July. That way he can have a lot of play-dates set up for the month of August before he goes back to school.

  23. 23
    Posted by FixedInk | June 30, 2011 at 10:07 PM

    That’s IT.  I’ve HAD it with this dump. We got no food, no jobs, OUR PETS’ HEADS ARE FALLING OFF!

  24. 24
    Posted by Walter | June 30, 2011 at 10:07 PM

    By the way, dude, Chinamen is NOT the preferred nomenclature…Asian-American, please.

  25. 25
    Posted by Anonymous | June 30, 2011 at 10:29 PM

    JBEV: It’s kind of a gov’t sachs joke but it is more that a number of people have mistakenly said Tim worked at GS. So in true DB form, the meme that Tim did indeed work at GS perpetuates the error. For further background, click on link below.

    http://www.nytimes.com/2010/08/20/business/20tax.html?hp

    xoxo

  26. 26
    Posted by Obama | June 30, 2011 at 10:48 PM

    Don’t ever leave me… ’cause I’d find you!

  27. 27
    Posted by ExtraOrdinaryPopularDelusions | June 30, 2011 at 11:09 PM

    There’s a second part to the joke from the opposite direction, that everyone at Treasury has worked at GS because GS owns the world (along with the Freemasons, Illuminati, octopuses, and aliens), making it a nice dig at the conspiracy-addled individuals who blame Wall Street for everything. 

  28. 28
    Posted by S. Cowell | June 30, 2011 at 11:28 PM

    If only this were like American Idol, where our votes could actually influence the outcome….

  29. 29
    Posted by Charles Gasparino, CFG | June 30, 2011 at 11:31 PM

    My Magic 8 Ball confirms this rumor.

  30. 30
    Posted by Liesman | June 30, 2011 at 11:39 PM

    Heard he’s going to Keebler

  31. 31
    Posted by ahahah | June 30, 2011 at 11:50 PM

    How will we ever replace him?

  32. 32
    Posted by Anonymous | July 1, 2011 at 12:00 AM

    I understand he’s going to a tech start-up…something about an on-line tax software that can handle self-employment payments from the IMF. I think DSK is the angel investor.

  33. 33
    Posted by Asianfood007 | July 1, 2011 at 2:00 AM

    he would look great with a ball and chain in his mouth and whipping up something good making recipes from  Get in the Kitchen Bit@hes….  he’d be my  bitchcook.com

  34. 34
    Posted by Laffing My Way to the Bank | July 1, 2011 at 12:30 PM

    Boy, oh boy, are conservatives the worst.  Also, people that don’t want a continuously steepening marginal tax curve.  What a bunch of a$$holes.

    Go back to the Huffington Post.

  35. 35
    Posted by AmericanBandersnatch | July 1, 2011 at 12:32 PM

    A tragedy or a comedy? 

  36. 36
    Posted by Guest | July 1, 2011 at 12:51 PM

    You’re an idiot.

  37. 37
    Posted by Guest | July 1, 2011 at 12:52 PM

     Learn what actual (real and not just you wanting it to be real) socialism is before commenting again.

  38. 38
    Posted by Sldjlf | July 1, 2011 at 12:53 PM

    There can only be one woodland creature.

    -DXBove

  39. 39
    Posted by Anonymous | July 1, 2011 at 1:12 PM

    A romance (aka a tragicomedy)

  40. 40
    Posted by guest | July 1, 2011 at 1:23 PM

    But, since he was in China at the time, maybe Asian-Asian??

  41. 41
    Posted by Munich Re Bracelet Coordinator | July 1, 2011 at 1:24 PM

    Welcome to Dealbreaker, Mr. Ping!

  42. 42
    Posted by Anonymous | July 1, 2011 at 2:07 PM

    Ahem– what about us?

    -The Knights Templar

  43. 43
    Posted by Anonymous | July 1, 2011 at 2:09 PM

    First thing we do, let’s kill all the lawyers.

  44. 44
    Posted by HA HA HA ! | July 1, 2011 at 2:13 PM

    His whole job,s a vacation he wouldn’t know what work is !

  45. 45
    Posted by JBEV | July 1, 2011 at 4:06 PM

    thanks babs

  46. 46
    Posted by JBEV | July 1, 2011 at 4:08 PM

    nice carepost faggot – we dont do politics here, thanks

  47. 47
    Posted by Anonymous | July 1, 2011 at 5:47 PM

    He isn’t from Michigan, you idiot.

    -former BSC risk manager/c-suite bridge partner

  48. 48
    Posted by Guest2 | July 1, 2011 at 6:20 PM

    Which Bank or gf hedge fund extended him an offer? 

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