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'''Timothy Geithner''' (b. 1961) became the Secretary of the Treasury in the [[Obama Administration]] in January, 2009. Previously president of the Federal Reserve Bank of New York, he is a technical expert who was deeply involved in the complex moves by the Federal Reserve and the Treasury to bailout banks in the [[Financial Crisis of 2008]]. That included $700 billion in money sought by president [[George W. Bush]] and passed by bipartisan majorities in Congress in October, 2008, and trillions in loan guarantees made by the Federal Reserve on its own authority. Geithner now is the person most responsible for bringing recovery to the economy.
'''Timothy Geithner''' (b. 1961) became the Secretary of the Treasury in the [[Obama Administration]] in January, 2009. Educated at Dartmouth and Johns Hopkins, he spent many years abroad. Previously he was president of the powerful Federal Reserve Bank of New York. He is a nonpartisan technical expert who worked for both republican and Democratic administrations. In 2008 he was deeply involved in the complex moves by the Federal Reserve and the Treasury to bailout banks in the [[Financial Crisis of 2008]]. That included $700 billion in money sought by president [[George W. Bush]] and passed by bipartisan majorities in Congress in October, 2008, and trillions in loan guarantees made by the Federal Reserve on its own authority. Geithner now is the person most responsible for bringing recovery to the economy.
Geithner got off to a very bad start. He was publicly humiliated by the Senate (controlled by Democrats) when it seemed he deliberately evaded over $40,000 of federal taxes. He paid the taxes and penalties and was confirmed, with most republicans opposed.
Geithner got off to a very bad start. He was publicly humiliated by the Senate (controlled by Democrats) when it seemed he deliberately evaded over $40,000 of federal taxes. He paid the taxes and penalties and was confirmed, with most republicans opposed.
[[Category:Finance]]
[[Category:Finance]]
[[Category:Taxation]]
[[Category:Taxation]]
{{DEFAULTSORT:Geithner, Timothy}}