Geithner 's Dance Card at the NY Federal Reserve

Don’t miss the NYTime’s day-by-day accounting of how Timothy Geithner spent his time as President of the New York Federal Reserve during the build-up of the economic crisis. The annotated calendar of Geithner’s comings and goings reveals a tennis game with former Fed Chairman Alan Greenspan and a meeting with Blackrock CEO Larry Fink to discuss “our agreement.”  It’s a companion piece to the Times front-page story on Geithner’s unusually close ties to the Wall Street firms he was supposed to be regulating.

Today The Times released the full schedules of Timothy F. Geithner from January 2007 to January 2009, when he was president of the Federal Reserve Bank of New York. We obtained the calendar through a Freedom of Information Act request. An examination of his schedules — backed by dozens of interviews — offers a rich account of the people and forces that shaped Mr. Geithner’s thinking and actions during one of the greatest financial crisis in U.S. history.

via Geithner Day by Day – Economix Blog – NYTimes.com. (h/t StockTwits)

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4 thoughts on “Geithner 's Dance Card at the NY Federal Reserve

  1. It seems to me there is a lot of energy being spent on getting Geithner, which frankly I don’t get. When the president announced his choice for Treasury it seemed there was a big sigh of relief coming from both DC and from Wall St. From DC the attitude was well here’s a guy who has the smarts to get the job done, and from Wall St. the attitude was he’s one of us, we can work with him.

    Now when you read about Geithner it’s all pretty negative. Hard to follow what exactly is going on here. Also most of the criticism I’ve read has more to do with Geithner “past” and not about the job he is doing right now. Has Geithner become the punching bag for those who don’t like the president’s policy, but are afraid to attack him directly because of his approval rating with the American people?

    • Brian, I have a completely different read on Geithner’s ascendancy to the Cabinet. I think many people had pretty mixed feelings about him from the get-go but figured he at least he was up to speed on the financial crisis. I know I felt highly doubtful about his ability to manage the crisis given the way he and the other regulators mismanaged the Wall Street implosion last year. Further, he failed to spot the run-up in risk on Wall Street in the years before that. Initially, everyone gave Geithner a pass (even with his tax problems) because a very popular President wanted him. Fair enough. You may be right that Geithner is taking more of the heat than he deserves –Obama should share some as well. But frankly, I think Obama is a delegator in big matters and isn’t particularly steeped in the ways of Wall Street. He leans heavily on Geithner and Summers. All in all, the NYTimes story was long overdue — just a question of who had the time and resources to pout into it — and dug into many of the questions I had about him.

      • Just seems to me this pretty much “water under the bridge” at this point. This is not my strongest area so it’s hard for me to asses whether Geithner is doing a good job or not. That being said from what I’ve heard him say I agree with what he’s being saying regarding regulating Wall Street, and he certainly comes off as one the hardest working people in DC today. I’ve heard lots of criticism of him regarding his past, but little meaningful criticism of the job he is doing here and now.

        Also I have to ask how much criticism is being generated due to an anti-regulation mentality? Would the street like anyone the president put into the job at this point in history knowing that the president is committed to changing the rules of the game?

      • No, I definitely do not think the criticisms of Geithner are related to the anti-regulation crowd. I think many people to find him to be too much one of the good ole boys and not enough of the sheriff coming into town. He seems 100% the bureaucrat — someone said he appeared to have been born with a briefcase under his arm — and not the mad creative genius who can make fundamental change.

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