23 December 2009

Timothy Geithner

The Treasury secretary was largely responsible for directing the federal government's response to the financial crisis. He's still got his work cut out for him.

By Daniel Gross | NEWSWEEK
Published Dec 21, 2009
From the magazine issue dated Jan 4, 2010

Gross: After moving to Washington, you put your house in suburban New York on the market for less than you paid for it. Analysts saw that as a great metaphor for the national housing crisis: the Treasury secretary is going to take a loss on his house. Did you manage to sell it?

Geithner: We decided to rent it very early, because rents were better than prices in most of the country, and it was a financially good decision. It wasn't as good a metaphor as people thought.

0 Comments:

Post a Comment

<< Home