January 14, 2009
Obama's choice for the Secretary of the Treasury, Geithner, has, as the press refers to it, a "hiccup" in his confirmation. He did not declare personal income on which to pay taxes for several years, corrected late, and, as Secretary of the Treasury will run the Internal Revenue Service. He also employed a house-keeper that, for a few months, had expired immigration papers. This is peanuts and will get some attention. But the item that is not peanuts, Geithner's significant supportive role in the crazy patchwork of government bailouts under Paulson, will go undiscussed and, apparently, does not matter. He will be confirmed. He ought not be confirmed, on the merits of his job performance as President of the NY Fed.
January 14, 2009 | Permalink
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