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Should Geithner start looking for a new job?

Business Times - 06 Feb 2010


Should Geithner start looking for a new job?

By LEON HADAR
WASHINGTON CORRESPONDENT

WHEN "sources close to the White House" tell reporters that the US President remains "confident" about your "leadership" and "job performance", is it time for you to start looking for another job?

Indeed, for several weeks, the American media has been reporting that Treasury Secretary Tim Geithner retains the confidence of President Barack Obama as well as of leading Congressional Democrats even as lawmakers and journalists continue to raise questions about why the Federal Reserve Bank of New York held back information about the government's bailout operations at a time when Mr Geithner served as its president.

They have been asking whether Mr Geithner, who came to his current job from the New York Fed, was behind the decision by the New York Fed in December 2008 to request that American International Group (AIG) keep secret certai…