Geithner To Leave US Treasury On Friday: Source
Source: Agence France-Presse
WASHINGTON (AFP) - US Treasury Secretary Timothy Geithner, who steered the administration of President Barack Obama through the financial crisis, will step down from his post Friday, a source told AFP on Tuesday.
Geithner had said he would leave the department after the conclusion of Obama's first four-year term. The president was sworn in on Sunday for a second term.
Obama has nominated longtime Washington insider Jack Lew, his current chief of staff, to succeed Geithner. His nomination requires Senate approval.
Deputy treasury secretary Neal Wolin is to serve as acting secretary pending Lew's confirmation.
Read more: http://au.news.yahoo.com/thewest/business/a/-/world/15926498/geithner-to-leave-treasury-secretary-post-on-friday/
BlueManFan
(256 posts)now he can cash in on all the whoring he did for the Wall Street Banksters and go off into the sunset a very rich man. Good riddance!!!!!!!!!
Cynicus Emeritus
(172 posts)which as some say was many years ago and compare it to his net worth going out and reconcile the difference. Some in the "news" like to tout he "served us" when he most likely served himself and cronies.
Every congress critter should be required to disclose their net worth going in and going out of government and be required to explain the difference, and be sent to prison for 20 years minimum if they lie.
Safetykitten
(5,162 posts)Wallstreet.
It's like I never left.
Oh, and that tell all book, where I throw Obama under the bus? That's coming. Really.
NBachers
(17,149 posts)FleetwoodMac
(351 posts)CountAllVotes
(20,878 posts)and I for one would be highly pleased to see this * leftover GO NOW (Friday is not soon enough IMO)!!
Timmy we barely knew 'ye ... oh wait we did.
Jefferson23
(30,099 posts)dotymed
(5,610 posts)wall street thief to fill the position. Lew ran a hedge fund for citigroup betting against the housing market....wonder how he was so
successful.....
4Q2u2
(1,406 posts)He should teach everyone how to chisel the system and get rich by BFing everybody. Not much different then all the rest that came before him. Sadly the ones after him seem to be not much different. In a country of 300 million, you could not find some to do the job, besides all the ones right under your nose.
http://www.cjr.org/the_audit/the_geithner_leak.php?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+seriouslymedia+(Media)
http://mortgagefraudexaminers.com/tag/timothy-geithner-is-accused-of-leaking-sensitive-federal-reserve-policy-information-to-his-banker-buddies/