Geithner, the Fed’s point man in NYC

By Muckety

August 29, 2007 at 3:54pm

The Washington Post had a good profile yesterday of Timothy Geithner, president of the Federal Reserve Bank of New York, who is “facing his first big test as point man between the powerful global firms in the world’s financial capital and the policymakers who oversee them from Washington.”

The Post says Geithner is a strong crisis manager. During the turmoil in the debt markets, Fed Chairman Ben Bernanke and Treasury Secretary Henry Paulson Jr. have been in touch with Geithner regularly.

Geithner, 46, assumed his current position in November 2003. For years, the Post says, he was Wall Street’s “worrier in chief,” warning about the risks of new financial products, such as derivatives, and lending practices.

Now, he’s trying to help contain the mess they caused.

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