Daily Archives: November 18, 2013

Why Does the Media Ignore Timothy Geithner’s Disastrous Leadership of the NY Fed?

By William K. Black
(Cross posted at Benzinga.com)

Remember nine months ago when Timothy Geithner assured us that it was “extremely unlikely” he would take a position on Wall Street?

The media meme when Geithner announced that he was stepping down as Treasury Secretary and taking a position as a “senior fellow” with the Council on Foreign Relations (CFR) was what a superior human he was for not taking a job with Wall Street.  The “extremely unlikely” (to no one’s surprise) was announced nine months later.  The private equity firm Warburg Pincus has hired Geithner as its President.

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