New Treasury Secretary Appointed
On November 21, 2008 President elect Barrack Obama appointed a new treasury secretary to serve under him while he is president. Tim Geithner has been officially been given the position. Geithner has a master’s degree in economics from John Hopkins University.
Geithner seems to have quite an impressive resume as well. In 1988 he joined the International Affairs division of United States Treasury Department. Furthermore, Geithner also served as deputy assistant for international and financial policies. Furthermore, he worked under Treasury Secretary Robert Rubin from 1998 until 2001.
He was also named president of the Federal Reserve Bank of New York in October of 2003.
On Friday Wall Street responded well by rallying almost 500 points. Geithner has also stated his support for the Paulson Act. Our new Treasury Secretary will definitely have a tough job ahead of him. Our struggling economy has sparked layoffs in almost every sector. Furthermore, this credit crisis has not been a problem in the United States only. The crisis has unfortunately spread world wide and has affected every market from China to the United Kingdom. Our country must now look to its leaders to guide us through and away from this financial mess. The country now awaits the change that has been promised by our new leaders. We must all wish Mr. Geithner the utmost success in his new job.
On November 21, 2008 President elect Barrack Obama appointed a new treasury secretary to serve under him while he is president. Tim Geithner has been officially been given the position. Geithner has a master’s degree in economics from John Hopkins University.
Geithner seems to have quite an impressive resume as well. In 1988 he joined the International Affairs division of United States Treasury Department. Furthermore, Geithner also served as deputy assistant for international and financial policies. Furthermore, he worked under Treasury Secretary Robert Rubin from 1998 until 2001.
He was also named president of the Federal Reserve Bank of New York in October of 2003.
On Friday Wall Street responded well by rallying almost 500 points. Geithner has also stated his support for the Paulson Act. Our new Treasury Secretary will definitely have a tough job ahead of him. Our struggling economy has sparked layoffs in almost every sector. Furthermore, this credit crisis has not been a problem in the United States only. The crisis has unfortunately spread world wide and has affected every market from China to the United Kingdom. Our country must now look to its leaders to guide us through and away from this financial mess. The country now awaits the change that has been promised by our new leaders. We must all wish Mr. Geithner the utmost success in his new job.
Labels: Barrack Obama, Paulson Act, Tim Geithner, Treasury Secretary
Credit Card / Financial news blog post by Todd Holliday at 6:47 PM 