New Name Floated In Geithner Replacement Talks

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Updated:: Jan 14, 2019
Original:: Oct 28, 2009

Not Obama's favorite banker, Jamie Dimon, though you're on the right track in assuming it's someone who doesn't take shit or prisoners from anyone (though he will take a bullet). Someone who, perhaps unlike our current Treasury Secretary, could stand up to Larry Summers and say "No, you've had enough Diet Coke for today," and pass the big boy a Vitamin Water. Someone, like Fifty Cent. And as luck would have it, Mr. Cent has already stated publicly that should the President decide to shake up the economic dream team, he's there.

"Any businessman who wants a piece of the future should learn for me. Obama is great. If he wants me as his financial adviser that would be cool."

If you were thinking the CNBC contributor didn't have the qualifications for the job, think again.

"I buy diamonds on a very regular basis, but now I am selling my old stuff before I get something new. These are times when you learn about the value of money."
The 34-year-old, who is starring in British crime movie Dead Man Running, said it was inevitable that rich people like him would lose money in the current economic climate.
"If you don't lose money in this recession, it means you didn't have enough to start off with," 50 Cent said. "Sure, I lost a few million, but that's because I have so much. This is a time that will sort out the strong from the weak.

Watch Your Back, Tim Geithner [Cityfile]

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?

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.

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.