Timothy Geithner

Timothy Geithner is the U.S. Treasury secretary under President Barack Obama. He was previously president of the Federal Reserve Bank of New York. Geithner has been dodging controversy in the early days of the administration, bringing calls for his resignation. Tax problems threatened to derail his confirmation to the Treasury post. His introduction of the federal government's bailout plan for banks was decried for being short on details. But the stock market has been on the rise since details were announced, and Geithner's visibility has increased.

Created by Author

K.M. Schwartz

Subject: Finance

Tags:bailout, Banking, coping, economic downturn, economy, Geithner, Government, layoff, loans, Obama administration and Cabinet, politics, recession, regulations, TARP, Treasury

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Inside the Guide

Reference
Interviews

Tax woes and his confirmation

Geithner's bailout plan

Geithner, AIG bonuses, and calls for his resignation

Reference

Timothy F. Geithner

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

Timothy F. Geithner (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). Contributed by

U.S. Treasury bio; also find links to more about the Treasury Department

http://www.ustreas.gov/organization/bios/geithner-e.shtml

Treasury Officials - biography, Timothy F. Geithner, Secretary of the Treasury ... On January 26, 2009, Timothy F. Geithner was sworn in as the 75th Secretary of ... Contributed by

Tax woes and his confirmation

Geithner's confirmation as secretary was jeopardized by revelations that he didn't pay Social Security and Medicare taxes for several years while he worked for the International Monetary Fund, and that he employed an immigrant housekeeper who briefly lacked proper work papers.

Geithner's Tax History Muddles Confirmation, from The Wall Street Journal

http://online.wsj.com/article/SB123187503629378119.html

Geithner offers apology (USA Today article)

http://www.usatoday.com/money/economy/2009-01-21-geithner-hearing_N.htm?csp=34

Geithner takes office

http://wcbstv.com/topstories/Timothy.Geithner.Treasury.2.918310.html?detectflash=false

The Senate voted 60-34 to confirm Geithner on Jan. 26, 2009, and he was sworn in less than an hour later.

Hear Obama's and Geithner's remarks at swearing-in ceremony

http://www.youtube.com/watch?v=OA2TqX0XvRM&feature=related

Hear Obama's and Geithner's remarks at swearing-in ceremony

Click to Close Video Player

http://www.youtube.com/watch?v =OA2TqX0XvRM&feature=relat ed

Geithner's bailout plan

When Geithner first delivered the administration's financial bailout plan Feb. 10, 2009, it was criticized by most as sort on details, and the stock market responded negatively.

Plan falls flat

http://money.cnn.com/2009/02/10/news/geithner.questions.fortune/index.htm?postversion=2009021015

Traders 'not moved' by speech

http://www.youtube.com/watch?v=xCTvms5lEwA

Watch traders' reaction to Geithner's February speech, in which he promises more details in a few weeks.

Traders 'not moved' by speech

Click to Close Video Player

http://www.youtube.com/watch?v =xCTvms5lEwA

Watch traders' reaction to Geithner's February speech, in which he promises more details in a few weeks.

Details of 'toxic assets' plan revealed

http://www.istockanalyst.com/article/viewiStockNews/articleid/3140231

After a disastrous first attempt Feb. 10, 2009, to explain the plan Geithner spelled out more clearly March 23, 2009, how he'll use $75 billion to $100 billion in taxpayer money to leverage the purchases of up to $1 trillion in securities and loans held by banks that are eroding confidence in the financial system.

Geithner's CNBC interview a day after detailing 'toxic assets' plan

http://www.youtube.com/watch?v=ILfFd4-wCF0

Geithner's CNBC interview a day after detailing 'toxic assets' plan

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http://www.youtube.com/watch?v =ILfFd4-wCF0

Geithner, AIG bonuses, and calls for his resignation

Less than two months after surviving the controversy over his tax records, Geithner was on the hot seat again regarding his knowledge of bonuses for employees of the troubled insurer AIG

When did Geithner know about bonuses?

http://www.cnn.com/2009/POLITICS/03/18/aig.treasury/index.html

Obama says he'd refuse to accept Geithner's resignation

http://www.reuters.com/article/newsOne/idUSN1838682720090322

Obama discusses AIG and Wall St., defends Geithner on "60 Minutes"

http://www.youtube.com/watch?v=zPnZRGsiU38

Obama discusses AIG and Wall St., defends Geithner on "60 Minutes"

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http://www.youtube.com/watch?v =zPnZRGsiU38

The Geithner Resignation Pool

http://www.dailyreckoning.com/the-geithner-resignation-pool/

It didn't take long after his February speech for bloggers such as Dave Gonigam (The Daily Reckoning) to start placing bets on how long Geithner will last in his job.

Interviews

On March 29, 2009, Geithner made his first appearances on the Sunday morning news talk shows, speaking with both ABC's "This Week" with host George Stephanopoulos (far left) and NBC's "Meet the Press" with David Gregory.