Tim Geithner is awesome. Smart pick by Obama.

[Unsane]

He's going to be the new Bob Rubin.

[dmallind]

1. Confess I don;t know the guy. I could google of course but

I'd appreciate a couple of quick bullet points on what his high points are.

I liked (and still like) Rubin but the irrational Clinton-haters would howl at that one.

[babylonsister]

4. From wiki:

http://en.wikipedia.org/wiki/Timothy_F._Geithner

Timothy F. Geithner


Timothy Franz Geithner (last name pronounced /ˈgaɪtnər/; born August 18, 1961) is the 9th president of the Federal Reserve Bank of New York. In that role he also serves as Vice Chairman of the Federal Open Market Committee (FOMC). President-elect Barack Obama will nominate him as the next Secretary of the Treasury.

After completing his studies, Geithner worked for Kissinger and Associates in Washington, DC, for three years and then joined the International Affairs division of the US Treasury Department in 1988.

In 1999 he was promoted to Under Secretary of the Treasury for International Affairs and served under Treasury Secretaries Robert Rubin and Lawrence Summers.

In 2001 he left the Treasury to join the Council on Foreign Relations as a Senior Fellow in the International Economics department. He then worked for the International Monetary Fund as the director of the Policy Development and Review Department until moving to the Fed in October 2003.<1> In 2006 he became a member of the influential Washington-based financial advisory body, the Group of Thirty.

On 21 November 2008, CNBC reported that Geithner would be nominated for the position of Treasury Secretary for the Obama administration.

He was involved in the Bear Stearns and AIG Bailout and the decision to let Lehman Brothers fail.

[dmallind]

5. Sounds like a strong resume

But of course the uber-purity crowd will whine that he didn't threaten to resign if the bailout went through, and basically becauise he has worked in the finance industry (which of course almost everybody qualified for the job has at some point)

[babylonsister]

2. Stand by. I'm sure someone will be along to dissuade you of that

silly notion.

But I won't. I know nothing about him, but the pundits on m$nbc seem to approve.

[lapfog_1]

3. Some one mentioned that he was involved with the Bailout

of AIG, etc.. and the decision to let Lehman Brothers die.

Are there links to his involvement? What was his decisions and how did they affect the structure of what's happened?

I don't know anything about this guy.

[Skwmom]

6. Yeah, that Rubin is a smart guy that one is.

Rubin's crowning achievement was the repeal of the 1933 Glass-Steagall Act, which had separated largely unregulated and more speculative investment banks like Goldman Sachs from government-supervised and -insured commercial banks like Citi, which play a key role in the nation's monetary policy. Glass-Steagall was designed to prevent the kinds of speculative conflicts of interests that pervaded Wall Street in the 1920s and helped bring about the Great Depression (and reappeared in the 1990s).

Our financial system is facing collapse. Deregulation has worked wonders. Read the above and let it sink in... Glass-Steagall WAS DESIGNED to help PREVENT another Great Depresssion.

Are we stuck on stupid or what? This is simply mind-boggling.

That is STUPIDITY, not questioning want in the heck is going on.

http://www.prospect.org/cs/articles?articleId=12573

[Sebastian Doyle]

7. How the Hell would another Rubin be "awesome"

Seriously, another Wall Street/Federal Reserve insider??

Didn't Obama used to say that he believed that the real economy came from the bottom up, not this trickle down bullshit that has been killing this country over the last 28 years?