Biography

Timothy Geithner

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Timothy Franz Geithner is a former American central banker who served as the 75th United States Secretary of the Treasury under President Barack Obama from 2009 to 2013. He was the President of the Federal Reserve Bank of New York from 2003 to 2009, following service in the Clinton administration. Since March 2014, he has served as president and managing director of Warburg Pincus, a private equity firm headquartered in New York City. As President of the New York Fed and Secretary of the Treasury, Geithner had a key role in government efforts to recover from the financial crisis of 2007-08 and the Great Recession. At the New York Fed, Geithner helped manage crises involving Bear Stearns, Lehman Brothers, and the American International Group; as Treasury Secretary, he oversaw allocation of $350 billion under the Troubled Asset Relief Program, enacted during the previous administration in response to the subprime mortgage crisis. Geithner also managed the administration's efforts to restructure regulation of the nation's financial system,[3] attempts to spur recovery of the mortgage market and the automobile industry, demands for protectionism, tax reform, and negotiations with foreign governments on global finance issues.
- IMDb mini biography by: TG

[on joining Barack Obama's cabinet] When your President asks you to serve, you have to say yes. You do. I tried to talk him out of it, and I wanted to make sure he understood what he was getting.
[on his role as Secretary of the Treasury] I learned something valuable at the beginning, which is how fragile financial systems are, how connected they are to the economy, how hard it is to separate a trauma in a financial system from trauma in the economy, how hard it is to protect the average person from financial panics.. What it takes to protect people from a panic is really the opposite of what feels fair or just or effective. It's a paradoxical thing. It's perfectly understandable people wanted a measure of justice.

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