We’re not happy with Tim Geithner’s handling of the AIG situation or the banking crisis. We don’t agree with Obama that he’s doing the best possible job of playing a bad hand.
But, boy does the young Treasury Secretary have a lot on his plate.
New York Times: Mr. Geithner is shouldering more crises on his slight frame than most Treasury secretaries ever have. And he is doing so without the usual complement of Treasury assistants…
Mr. Geithner has juggled a crushing workload: overhauling the Bush administration’s discredited financial bailout program; helping with Mr. Obama’s nearly $800 billion economic stimulus plan; and managing the government effort to salvage the auto industry.
Mr. Geithner is now fashioning a new federal regulatory structure for the financial industry to replace the one that failed. He has developed a housing program that aims to avert up to nine million more foreclosures, and programs for getting credit flowing to small businesses and consumers as well as the major financial giants.
At 47, the same age as the president, Mr. Geithner works out at 5:30 a.m., gets to his desk by 6:30 and leaves 15 hours later.
And now back to the deathwatch…