A Matter Of Trust At Treasury

April 2, 2009

Barely settled into office, Treasury Secretary Timothy F. Geithner may be developing a credibility problem that could set back global economic recovery and endanger his place in the Obama Cabinet. Last autumn, the financial community saw Geithner — then president of the Federal Reserve Bank of New York — as a savior. The global banking system faced imminent collapse when Geithner, collaborating with Federal Reserve Chairman Ben Bernanke and then-Treasury …

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