Tim Geithner Was Risk Averse Before He Was Treasury Secretary - Dealbreaker

Tim Geithner Was Risk Averse Before He Was Treasury Secretary

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This and other conclusions were reached by a not-so-top-secret report commissioned by his successor at the New York Fed. Other conclusions: the regulator could stand to start speaking up, having useful ideas, not being afraid of Goldman Sachs.

Mr. Beim's report called on the New York Fed to demand that its regulatory staffers maintain a "more distanced, high-level and skeptical view" of how the banks they oversee make money….

New York Fed President William Dudley asked Mr. Beim to investigate his institution to help determine why it had failed to see the 2008 financial crisis coming and how it should change to help prevent another, according to ProPublica.

Internal Review Was Critical of New York Fed’s Culture [WSJ]

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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.