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.