the Paulson successor, the man who will take the leading role in our next episode.
Timothy F. Geithner, New York Federal Reserve Bank President Nov 2003- Jan 2008.
Geithner, 47, born August 18, 1961 Chris Rupkey, economist at Bank of Tokyo-Mitsubishi in New York. He called Geithner a "crisis manager par excellence“
Treasury Secretary: Timothy Geithner/Time.com, By FRANCES ROMERO
He was named President and CEO of the New York Federal Reserve on November 20, 2003. As President he oversees the Reserve Bank as it monitors banks in New York, New Jersey, and Fairfield County in Connecticut, extends credit to banks, and conducts foreign exchange market intervention.
•Was directly involved in the move that allowed JP Morgan Chase to acquire Bear Stearns with $29 million provided by the government earlier this year. Also worked as part of the deal that saved AIG from failing.
•Would not grant Lehman Brothers the right to become a bank-holding company — a status given to both Morgan Stanley and Goldman Sachs just days after Lehman filed for bankruptcy.
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