Thursday, June 30, 2011

Must be nice...

... to be able to preside over hashing the U.S. economy, and then head for the hills.  It's becomming clear to even the most dense observers that the Fed can't just keep printing money forever.  So, some of the rats are finally ready to leave the sinking ship... to, in the words of my grandmother, "take their paper dolls and go home!"  Guess it's not any fun to be in charge when you can't just do whatever you want.
Treasury Secretary Timothy F. Geithner has signaled to White House officials that he’s considering leaving the administration after President Barack Obama reaches an agreement with Congress to raise the national debt limit, according to three people familiar with the matter.

An exit by Geithner would complete the turnover in Obama’s original economic team, with Council of Economic Advisers Chairman Austan Goolsbee scheduled to leave in early August to return to the University of Chicago.

After Obama’s victory in the 2008 election, Geithner had a rocky start in Washington as he faced Senate scrutiny over his failure to pay self-employment tax returns while he worked at the International Monetary Fund. He paid some of the taxes after being audited by the IRS and didn’t pay the rest until it was clear he would be nominated for the Treasury post, according to the Senate Finance Committee.

No comments:

Site Meter