Timothy Geithner
From Metapedia
Timothy Franz Geithner (born August 18, 1961) is the 9th president of the Federal Reserve Bank of New York. In that role he also serves as Vice Chairman of the Federal Open Market Committee (FOMC). He has been picked by Barack Obama to be the next Secretary of the Treasury.
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[edit] Biography
[edit] Early life and education
Geithner was born in Brooklyn, New York City, the son of Deborah and Peter F. Geithner of Larchmont, New York.[1] He completed high school at International School Bangkok, Thailand,[1] and then attended Dartmouth College, graduating with a A.B. in government and Asian studies in 1983. He obtained an M.A. in International Economics and East Asian Studies from Johns Hopkins University's School of Advanced International Studies in 1985.[2] He has studied Japanese and Chinese and has lived in present-day Zimbabwe, India, Thailand, and China.[3]
[edit] Personal life
He married Dartmouth classmate Carole M. Sonnenfeld in 1985;[1] they have two children, Elise and Benjamin.[4] In spare time he fly-fishes, plays tennis and surfs.[5]
[edit] Career
After completing his studies, Geithner worked for Kissinger and Associates in Washington, D.C., for three years and then joined the International Affairs division of the U.S. Treasury Department in 1988. He was deputy assistant secretary for international monetary and financial policy (1995–1996), senior deputy assistant secretary for international affairs (1996-1997), assistant secretary for international affairs (1997–1998).[2]
He was Under Secretary of the Treasury for International Affairs (1998–2001) under Treasury Secretaries Robert Rubin and Lawrence Summers.[2] Summers was his mentor.[6][7][8]
In 2002 he left the Treasury to join the Council on Foreign Relations as a Senior Fellow in the International Economics department. At the International Monetary Fund he was director of the Policy Development and Review Department (2001-2003).[2]
In October 2003, he was named president of the Federal Reserve Bank of New York.[9] Once there, he became Vice Chairman of the Federal Open Market Committee component of the Fed. In 2006, he also became a member of the influential Washington-based financial advisory body, the Group of Thirty.
In March 2008, he arranged the rescue and sale of Bear Stearns.[6][10] As a Treasury official, he helped manage multiple international crisis of the 1990s[7] in Brazil, Mexico, Indonesia, South Korea and Thailand.[8]
On November 21, 2008, it was reported that President-elect Barack Obama will nominate Geithner to be Treasury Secretary.[11] In the hour or so left in the trading after that report, the Dow Jones Industrial Index climbed more than five per cent.[6] On November 23, the choice was made official[12].
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