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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: steve harris who wrote (464442)3/17/2009 5:25:20 PM
From: Brumar89  Read Replies (1) | Respond to of 1571398
 
I would think Geithner would be on his way out. He should. But I'm not sure cause they have no one else in a high position at Treasury. And the G20 summit is coming up on April 2. Not enough time to get a replacement for Geithner .... Its a meeting of heads of states and their finance ministers, treasury secretaries. Would Obama go to that on his own? Who'd write the words to put on his teleprompter? Geithner will definately stay till after the G20.

The G-19½
March 17, 1:00 AM ·

The media continues to hammer Treasury Secretary Tim Geithner on his failure to articulate the scope and duration of government intervention in the economy. One has to wonder if Geithner would be better equipped to face Congress and the media with a full, permanent staff. As the administration continues to have problems finding financial experts who managed to properly file their taxes throughout their lives, many of the top posts at Treasury remain vacant. Treasury officials argue that it has filled vacancies at a faster rate than previous administrations. That argument might have eased nerves if we weren’t in the midst of one of the most devastating financial crises in history.

As the world’s finance ministers and central bank governors prepare for the latest G-20 summit meeting in London, Obama will be accompanied by Geithner. It would seem logical for the Treasury Undersecretary for International Affairs to be at Geithner’s side, except that there isn’t one at the moment. Obama and Geithner will be justifiably busy reminding other member states of the need for increased fiscal stimulus and IMF funding. Coordinating global regulatory standards to avert or at least mitigate a future worldwide financial meltdown will not be a priority.
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examiner.com