Tim Geithner

  • timgeithnertweaking

    News

    Tim Geithner Will Not Replace The Beard

    You won’t have Tim Geithner to kick around any more. The little guy and now-former U.S. Treasury Secretary won’t be pursuing a D.C. sequel.

    / Jan 25, 2013 at 4:10 PM
  • timgeithner4

    News

    Let’s Help Tim Geithner Name His Book

    As you may have heard, Obama is apparently close to nominating Jack Lew for Treasury Secretary, giving Tim Geithner his late Christmas wish: a one-way ticket outta there. And while he’s previously said to have no interest in writing about his time in Washington (and at the NY Fed before that), friends o’ TG claim that his plan for the next year or so involve “a round of ‘detox’ and writing a book.” Obviously we’re still very far off from anything concrete but publishers will undoubtedly be banging down his door in no time and when they do, it might be nice to at least have a title to wet their palates. While Geithner packs his bags, let’s do him a solid and come up with some options. The year spent sunning himself off the coast of Ko Samui (or puttering around Larchmont, or taking a job with the least amount of responsibility possible, whatever the detox entails) will presumably do wonders to take the edge of the last 48 months but if he’s still in an angsty phase by the time he sits down to bang out his story, perhaps one of the following would work?

    / Jan 8, 2013 at 4:32 PM
  • timgeithner3

    News

    Now You Listen Here: Tim Geithner’s Bags Are Packed

    Earlier today, it was reported that Timothy P. Geithner has informed people that he “plans to leave the administration by the end of January, even if President Barack Obama and congressional Republicans haven’t reached an agreement to raise the debt ceiling.” Will this actually happen? Those unfamiliar with the Treasury Secretary’s attempts to leave his post in the past will say yes. He’s leaving, ship-shape. Those who’ve watched TPG try and fail to bust out of Washington for the last nineteen months, however, know better. More than likely, he’s not going anywhere and it’s not because deep down inside he doesn’t actually want to go home but because his bosses won’t let him. Witness, if you will, a small sampling of examples in which his requests have been denied, either directly (via someone laughing in his face) or indirectly (by giving those who’ve applied to replace him the wrong directions to their interview):

    / Jan 3, 2013 at 4:11 PM
  • Tim-Geithner1

    News

    Tim Geithner Is Not Leaving This Fiscal Cliff Deal To Chance

    Yes, he said that he’ll stay ’til this thing gets done but FYI, he’s already booked a one-way ticket out of this dump and it’s nonrefundable, so if you think he’s gonna just stand by while you people fumble around and fuck everything up, thereby prolonging his stay in this asylum one day longer, think again!

    / Nov 26, 2012 at 8:46 PM
  • timgeithner

    News

    Tim Geithner May Not Want To Pack His Bags Just Yet

    President Barack Obama, newly re- elected, now confronts two questions that he has been avoiding for more than a year: Who will replace Treasury Secretary Tim Geithner and when…The timing of Geithner’s replacement depends on whether the White House can reach an agreement with the lame duck Congress on a deficit reduction plan to avoid […]

    / Nov 7, 2012 at 2:37 PM
  • geithner

    News

    Bloomberg Worried About Tim Geithner’s Ability To Put Food On The Table

    As you may have heard, because you’ve read the reports reports or picked up on the Morse code message he’s blinked out during every appearance on CNBC or he threw himself on the hood of your car and screamed “Get me outta here” the last time you drove up to the Treasury building, Tim Geithner is ready to leave Washington. Has been for some time, in fact, but previous requests to go home were all denied. Now that his bosses are supposedly going to allow him to leave in the event Obama is reelected, many are wondering what will be next for TG. Despite having spent the majority of his career in public service and giving the impression that he has no desire to work for Wall Street, Bloomberg is thinking that with the albatross that his his unsellable Larchmont house around his neck, a family, and college tuition to pay, Geithner may not have a choice.

    The years in public service — particularly engaging in diplomacy with domestic and foreign partners — left a deep impression on Geithner, infusing him with a sense of purpose that he might find lacking on Wall Street…Yet the years in civil servitude have also left Geithner in need of a better salary. Geithner is one of the least wealthy men to head the Treasury Department in recent years. He took more than a 50 percent pay cut to assume the job. His $199,700 salary is higher than the $174,000 earned by most members of Congress. His pay has been increased by $8,400 in three years, yet his net worth pales next to such predecessors as Hank Paulson and Bob Rubin. With two mortgages and two college-age children, the lure of private-sector money could be hard to resist. BlackRock’s Fink, for instance, received $23.8 million in salary and stock in 2011, making him No. 1 in the Finance 50, Bloomberg Markets’ annual ranking of the best-paid CEOs at the largest U.S. financial companies.

    Other ideas Bloomberg has for ways Geithner can make ends meet that he’s already said no to include writing a memoir. He “publicly ruled out” doing so in September, but they’re pretty sure he’ll reconsider after the guy he hired to patch up his roof tells him the whole thing needs to be replaced.

    What’s Next For Tim Geithner [Bloomberg]
    Related: Tim Geithner To Finally Be Set Free?
    Also Related: Robert Shiller, Westchester-Area Realtor Rub Tim Geithner’s Nose In It

    / Nov 6, 2012 at 1:02 PM
  • larrysummers

    News

    Larry Summers Supposedly Too Rough Around The Edges To Be Named Fed Chairman

    Who should replace Ben S. Bernanke as Chairman of the Federal Reserve when his term ends in January 2014? If anyone cared to ask us, we’d say no one: we like our Fed Chairman soft-spoken, bearded, and just as comfortable in dad jeans as they are in their bespoke Jos. A. Bank suits. But nobody asked and, according to Andrew Ross Sorkin, Bernanke has told “close friends” that regardless of whether or not Obama wins a second term, he’s ready to move on. Apparently qualified successors are few and far between and while Larry Summers is said to be “at the top of the list,” the fact that Treasury Secretary Tim Geithner may finally be granted freedom from his own personal Guantanamo Bay and will also necessitate a replacement who will have to work closely with the new Fed Chair poses some staffing issues, on account of the perception that Summers is somewhat difficult to work with.

    …[Summers is] a serious economist who knows his numbers and has a worldview that is similar to the president’s. He would be expected to continue the loose money policy of Mr. Bernanke. But one of the knocks against Mr. Summers is that he has a reputation for not playing well with others. He has had his own run-ins with the president. And if you consider the Treasury secretary and Federal Reserve chairman as a tag team, you would have to be confident that whomever you pick for Treasury secretary would get along well with Mr. Summers.

    So he called some former students assholes. So he’ll cut a bitch for getting between him and his steady stream of Diet Coke. So he chooses to sleep through co-workers’ particularly boring presentations. So he makes female colleagues feel like “pieces of meat.” So he shoots people unequivocal death stares that say, “I could have you killed and no one would find out” for the mere suggestion he might want to consider wearing socks. Is all that to say he’s not an otherwise affable guy who’d make a fine workmate and prized addition to an office softball team?

    Casting Dual Roles At Treasury And The Fed [Dealbook]

    / Oct 23, 2012 at 1:27 PM
  • News

    Make Him An Offer

    [EamonJavers, earlier]

    / Oct 1, 2012 at 5:57 PM
  • News

    Tim Geithner To Finally Be Set Free?

    “President Barack Obama’s senior advisers are confident Treasury Secretary Timothy F. Geithner will remain in his job even though he hasn’t made his intentions public, an administration official said. Geithner met recently with Vice President Joe Biden and laid out his reasons for wanting to leave the post. Biden outlined why it was vital that […]

    / Oct 1, 2012 at 4:34 PM
  • New rule: every financial regulator, bank CEO, whatever, when they're sworn in, they have to pose for two pictures, one doing "thiiiis small" and the other doing "the fish was thiiiiiis big."

    News

    Tim Geithner Dealt With Libor Manipulation By Writing Strongly Worded Letters And Then Lending Billions Of Dollars At Libor-Based Rates

    Tim Geithner had a nice chat with Congress about Libor in a theoretically unrelated hearing today, and since Congressional hearings are mostly about restating everyone’s pre-existing prejudices I figured I’d lay out my Libor hobbyhorses: Nobody really has ever been all that troubled by the fact that banks manipulated Libor to make themselves look like […]

    / Jul 25, 2012 at 4:55 PM
  • Like a knife

    Tim Geithner Appeared To Consider ‘Beating The Living Shit Out Of’ TARP Inspector General Neil Barofsky, Choose To Slay Him With Dramatic Hand Gestures Instead

    Barofsky met with Geithner in the fall of 2009 to express his concern that the Treasury Department had made TARP unpopular by not being fully forthcoming about how TARP was being used, including not forcing banks disclose how they were spending TARP funds. Geithner got dramatic, [Barofksy writes in his new book, Bailout: An Inside […]

    / Jul 20, 2012 at 12:46 PM
  • News

    Post LiborGate, Area Investment Advisor Doesn’t Think He’s Being Extreme In Suggesting We Relaunch The Revolutionary War

    As long ago as June 2008, New York Federal Reserve President Timothy F. Geithner was warning the Bank of England that letting bankers set the benchmark interest rate for global finance was open to abuse. Governor Mervyn King’s failure then to take greater responsibility for Libor now poses a new threat to London’s drive to […]

    / Jul 16, 2012 at 11:45 AM
  • News

    Experience The Collapse Of Lehman Brothers Again, For The First Time

    How will you be spending your weekend? I know what I’ll be doing, which is reading all the Lehman bankruptcy documents. They’ve been online for a week or two and we’ve had some teasers today, covering how much all the big fish got paid and how much all the medium-sized fish in IBD got paid. […]

    / Apr 27, 2012 at 5:56 PM
  • News

    Tim Geithner’s Father-In-Law Sounds Like A Delightful Drunk*

    Make what you will of this somewhat bizarre story but our takeaway is that the Treasury Secretary’s FIL would make a great party guest and/or Benihana tablemate.

    Food critic Albert Sonnenfeld, whose daughter, Carole, is wed to the country’s top money man, stunned strangers at Bar Boulud Thursday night when he claimed President Obama’s nomination of Dartmouth College president Dr. Jim Yong Kim to head the World Bank was part of a plan to allow Geithner to take over the Ivy League school’s top post…“That’s why Obama nominated [Kim] for the World Bank — so that there’d be an opening,” Sonnenfeld claimed to a dinner companion at the eatery’s communal table. Seated with five other couples he didn’t know, Sonnenfeld indiscreetly claimed Geithner has since changed his mind. “They offered him the presidency of Dartmouth. But now he doesn’t want it,” said the gabby granddad. “He wants something else…Sonnenfeld also let slip that Carole Geithner “can’t wait to get out” of DC because “she has to hold her nose and entertain all these Republicans.” Sonnenfeld added, according to the witness, “Some of them she actually liked, like Jim Bunning from Kentucky. But now he’s gone. Can you imagine having to entertain John Boehner and his wife, with his fake tan?” Geithner spokesman Anthony Coley told us, “Interesting theory about Dartmouth, but to paraphrase Kissinger: ‘It has the disadvantage of being made up.'”

    [NYP]

    *It’s not actually clear if he was drinking. If this is how he is sans sauce, all the better.

    / Apr 24, 2012 at 7:12 PM
  • geithner-smile-2

    News

    Congressman Was This Close To Telling Tim Geithner He Was Cruisin’ For A Brusin’

    “You can smile and laugh about it all you want,” Rep. Jason Chaffetz (R., Utah) bristled at Mr. Geithner during a House Budget Committee hearing. Mr. Chaffetz then intoned he was getting sick of the Treasury secretary’s “silly little smirk.” To be sure, Mr. Geithner did have a smile on his face during parts of the hearing, particularly when he was interrupted by Republicans on the panel when they didn’t like his answers on deficit reduction. He even spent part of the hearing answering questions with his arms crossed. At one point, he suggested that Rep. Tim Huelskamp (R., Kan.) had an “adolescent perspective” on how the economy worked.

    / Feb 17, 2012 at 11:23 AM
  • News

    Tim Geithner Still Under The Impression He Can Leave Washington Whenever He Pleases

    Remember, back in June, when Tim Geithner said he was considering retiring from his post at the Treasury after the debt deal passed, telling friends that he was tired, needed a break and wanted to put family first (his wife and son live in Westchester, where the latter is finishing high school)? And the White […]

    / Jan 25, 2012 at 5:52 PM
  • interesting choice of words

    Eliot Spitzer Is Having ‘Loads’ Of Fun Telling Other People How To Do Their Jobs

    “You know what I would like to see?” Spitzer asked the crowd. “I’d like to see a petition with a hundred million signatures, submitted to the White House tomorrow morning, saying, ‘Give us a treasury secretary who understands reform.’ Bring Paul Volcker in. Bring in Joe Stiglitz. Bring in Paul Krugman. Bring in Robert Reich…Spitzer, […]

    / Oct 12, 2011 at 2:16 PM
  • News

    Tim Geithner Has A 3-Part Plan For Getting The World Economy Back On Track

    TG is calling for a little teamwork.

    / Sep 8, 2011 at 12:21 PM

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