I live for this work. It’s the only thing I’ve ever done. I believe in it. I’m going to be doing it for the forseeable future.Treasury Secretary Timothy Geithner • Denying the speculation about his possible departure from his post. By the way, has anyone figured out a way to see into next week? We’re not sure if we believe him. That said, he did claim that personal issues were weighing on his mind right now: “I have a family, and my son’s going back to New York to finish high school,” he said. “I’m going to be commuting for a while.” Hope he learns to love Amtrak. source (via • follow)
In our judgment, the continuing opposition…in the House would undermine and damage our capacity to create jobs and expand the economy.Treasury Secretary Timothy Geithner • Claiming that the GOP’s spending-cut-heavy plan threatens to severely hurt job creation. Geithner’s advice? Strengthen the economic recovery, then focus on deficit-cutting. “I am very confident that the Democrats and the Republicans will come together on a program to not just reduce spending but reduce long-term deficits,” he continued. source (via • follow)
See? Treasury secretaries suffer just like the rest of us. You can call Henry Paulson a lot of things, but one thing you can’t call the Bush-era Treasury Secretary is “unaffected by the financial crisis.” See, Paulson’s home just got sold on the D.C. housing market, and it went for far less than he bought it for. Let’s check the numbers already:
» Says who?: The White House’s Treasury Secretary, Timothy Geithner, suggested that the final bill for TARP could be 7 percent of the original cost – or less, depending on how the markets go. But don’t expect anyone to gloat about this. TARP is political poison.