baltimoresun.com

« Obama lets Md., Calif., crack down on car emissions | Main | Homes sales figures slightly encouraging »

January 26, 2009

Reject Tim Geithner as Treasury secretary

Timothy Geithner will probably be confirmed as Treasury secretary by the Senate today. The Senate should reject him. He has been at the upper reaches of international finance for more than a decade. He has an MA in international economics from Johns Hopkins SAIS. He failed to pay $34,000 in Medicare and Social Security tax in 2001 through 2004. After being nailed by the IRS in an audit for 2003 and 2004 deficiencies, he still failed to pay what was owed for 2001 and 2002 until he became aware that Obama would nominate him to be Treasury secretary. He failed to give satisfactory answers as to why this was so.

He is being considered to be head of the agency that runs the Internal Revenue Service. He is being considered to run the agency that is bailing out big banking companies run by CEOs who continue to pay themselves enormous amounts even in the face of demonstrable failure. He is in charge of trillions in taxpayer money. The Treasury secretary needs to be above reproach.

Posted by Jay Hancock at 10:46 AM | | Comments (4)
        

Comments

Jay, Geither is Kevin Pollack's character in "Casino". Just a figurehead screw-up who will take orders from the powers that be.

Haven't you heard that Geithner has to confirmed as Treasury Secretary because he is respected on Wall Street? How can you expect Wall Street to respect anyone who pays taxes?

Confirming Geithner as Treasury Secretary would be like confirming Bill Clinton as chairman of the Ethics Committee overseeing the treatment of White House interns.

Shouldn't he actually be in jail instead?

Post a comment

All comments must be approved by the blog author. Please do not resubmit comments if they do not immediately appear. You are not required to use your full name when posting, but you should use a real e-mail address. Comments may be republished in print, but we will not publish your e-mail address. Our full Terms of Service are available here.

Please enter the letter "q" in the field below:
About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Wednesdays and Fridays.
-- ADVERTISEMENT --

Most Recent Comments
Resources and Sun coverage
Stay connected