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Timothy Geithner gains new strength
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| Contributor | Monsieur |
| Last Edited | Monsieur May 26, 2009 08:41am |
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| Category | General |
| News Date | Tuesday, May 26, 2009 02:40:00 PM UTC0:0 |
| Description | After his hellish opening weeks, Treasury Secretary Timothy Geithner started inviting White House economic officials across the street to his conference room for hours-long working dinners that have helped get — and keep — the whole team on the same page.
There was no food at one of the “dinners,” which Geithner joked was an effort to keep the meeting shorter. He’s had roughly four of the dinners, which allow 10 to 20 of the economic principals and their top aides to thrash through options on banks and stress tests in a way that they never could with a one-hour meeting in the crush of the day.
Geithner, a former president of the New York Federal Reserve who once looked like he was floundering in one of the administration’s most scrutinized jobs, is emerging in a new position of strength with the media and the markets, just as he launches President Barack Obama’s high-stakes effort to re-regulate the nation’s financial markets.
“I came into this job without a lot of public exposure,” Geithner said in an interview in his office just down the block from the White House. “People want to see what you do over time. That’s the only way you get credibility, no matter what your reputation is.”
Read more: "Timothy Geithner gains new strength - Mike Allen and Eamon Javers - POLITICO.com" - [Link] |
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