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merrily

(45,251 posts)
15. What part of "overly literal" is mystifying?
Sat Sep 26, 2015, 11:28 AM
Sep 2015


Geithner worked for Kissinger Associates in Washington for three years and then joined the International Affairs division of the U.S. Treasury Department in 1988. He went on to serve as an attaché at the Embassy of the United States in Tokyo. He was deputy assistant secretary for international monetary and financial policy (1995–1996), senior deputy assistant secretary for international affairs (1996–1997), and assistant secretary for international affairs (1997–1998).[10]

He was Under Secretary of the Treasury for International Affairs (1998–2001) under Treasury Secretaries Robert Rubin and Lawrence Summers.[10] Summers was his mentor,[18][19] but other sources call him a Rubin protégé.[20][21][22]

.....

In 2001 he left the Treasury to join the Council on Foreign Relations as a Senior Fellow in the International Economics department.[23] He was director of the Policy Development and Review Department (2001–2003) at the International Monetary Fund.[10]

In October 2003, at age 42,[24] he was named president of the Federal Reserve Bank of New York.[25] His salary in 2007 was $398,200.[26] As President of the New York Fed, he served as Vice Chairman of the Federal Open Market Committee. In 2006, he also became a member of the Washington-based financial advisory body, the Group of Thirty.[27] In May 2007, he worked to reduce the capital required to run a bank.[24] In November he rejected Sanford Weill's offer to take over as Citigroup's chief executive.[24]

In March 2008, he arranged the rescue and sale of Bear Stearns.[18][28] As a Treasury official, he helped manage multiple international crises of the 1990s[21] in Brazil, Mexico, Indonesia, South Korea, and Thailand.[22]

Geithner believed, along with Henry Paulson (of Goldman Sachs), that the U.S. Department of the Treasury needed new authority to experiment with responses to the late-2000s (decade) financial crisis.[18] Paulson described Geithner as a "very unusually talented young man...[who] understands government and understands markets".[28]


https://en.wikipedia.org/wiki/Timothy_Geithner

People who want to keep reading Geithner's wiki can look at Geithner's role in the bailout and the AIG Bonuses, even before Obama took office.

Recommendations

0 members have recommended this reply (displayed in chronological order):

Geithner and Summers FreakinDJ Sep 2015 #1
Geithner was never Wall Street. Summers wasn't cabinet Recursion Sep 2015 #2
BS. He now serves as president of Warburg Pincus, a Wall Street private equity firm Katashi_itto Sep 2015 #4
What, was Obama supposed to see into the future? Recursion Sep 2015 #9
Yes. I can. It shows how beholden he is to Wall Street. Katashi_itto Sep 2015 #21
Erm, all cabinet positions have lucrative post-job opportunities. joshcryer Sep 2015 #27
For sure, but Geithner is off the list too. Hortensis Sep 2015 #31
But you can agree that "to Wall Street" is different from "from Wall Street", right? (nt) Recursion Sep 2015 #35
Overly literal much? merrily Sep 2015 #6
What are you talking about? His only private sector job was CFR which is a think tank Recursion Sep 2015 #10
What part of "overly literal" is mystifying? merrily Sep 2015 #15
Which of those jobs are you possibly calling "Wall Street"? Recursion Sep 2015 #16
Again, what part of "overly literal" is mystifying to you? merrily Sep 2015 #18
Well what the hell does "Wall Street" mean to you, then? Recursion Sep 2015 #19
What part of "accuracy" is a problem ? treestar Sep 2015 #36
Kindly link me to an inaccurate statement I've made about Wall Street. Thanks. merrily Sep 2015 #41
It is the revolving door WITH Wall Street TM99 Sep 2015 #3
He thinks this shows us! LMAO. merrily Sep 2015 #7
No, give me an example Recursion Sep 2015 #11
You have been given examples. TM99 Sep 2015 #14
No, I haven't Recursion Sep 2015 #17
This message was self-deleted by its author merrily Sep 2015 #20
Jack Lew & Michael Froman. Holder didn't & doesn't work on Wall Street but his clients are there think Sep 2015 #30
Thank you; I had missed Lew Recursion Sep 2015 #32
Another dodge treestar Sep 2015 #37
Or you could just read my Post #3 TM99 Sep 2015 #39
In Japan it is called "Amakudari" Bonobo Sep 2015 #40
AG Loretta Lynch has worked both sides. nt Ilsa Sep 2015 #5
When? Recursion Sep 2015 #13
I read that one of her first clients at Hogan was Ilsa Sep 2015 #22
Does Penny Pritzker count? Octafish Sep 2015 #8
Does "Wall Street" just mean "Banking"? Recursion Sep 2015 #12
Of course, as Wall Street means vacuuming up the wealth created by workers. Octafish Sep 2015 #23
Of course in English as we use it, 'Wall St' means 'Banking and Finance' not the location Bluenorthwest Sep 2015 #25
No, it doesn't mean "banking" to most people, it means "finance" Recursion Sep 2015 #26
So that's one person so far. joshcryer Sep 2015 #29
Lew was at Citi; that's pretty uncontroversially "Wall Street" Recursion Sep 2015 #34
nice try my friend. mopinko Sep 2015 #24
Rec. joshcryer Sep 2015 #28
K&R! stonecutter357 Sep 2015 #33
good one treestar Sep 2015 #38
So some of the most recognizable neoliberals in the nation connected to Rubin mmonk Sep 2015 #42
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