HAMP'D: Geithner May Quit
Let's hope this rumor is true:
Treasury Secretary Timothy F. Geithner is considering leaving the Obama administration after a deal is reached to reduce the federal deficit, two officials familiar with his thinking said Wednesday. If Mr. Geithner does exit later this year, he would be the last member of Mr. Obama’s economic brain trust to leave the administration, after two-and-a-half years of turmoil, during which the White House confronted a financial crisis, a historic recession, near double-digit unemployment, and a recovery that has yet to gain traction.
Geithner's record of disastrous service, first as head of the New York Fed, and then as the worst Treasury Secretary since Mellon, should leave him a disgraced man. But one name floated would make Geithner look better:
Erskine Bowles, former chief of staff to President Clinton and co-chairman of President Obama’s deficit commission, commands respect in Democratic policy circles. So does Roger Altman, an investment banker and former deputy Treasury secretary in the Clinton years. Two current officials regarded as credible candidates are Janet Yellen, the vice chair of the Federal Reserve and Gene Sperling, director of the National Economic Council, who previously served as a lieutenant to Mr. Geithner.
Erskine Bowles? WTF?
Speaking for me only
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