Timothy Geithner

Timothy Geithner
Official portrait, 2009
75th United States Secretary of the Treasury
In office
January 26, 2009 – January 25, 2013
PresidentBarack Obama
DeputyNeal S. Wolin
Preceded byHenry Paulson
Succeeded byJack Lew
9th President of the Federal Reserve Bank of New York
In office
November 17, 2003 – January 26, 2009
Preceded byWilliam Joseph McDonough
Succeeded byWilliam C. Dudley
United States Under Secretary of the Treasury for International Affairs
In office
July 3, 1998 – January 20, 2001
PresidentBill Clinton
Preceded byDavid A. Lipton
Succeeded byJohn B. Taylor
Personal details
Born
Timothy Franz Geithner

(1961-08-18) August 18, 1961 (age 63)
New York City, U.S.
Political partyIndependent[1]
Spouse
Carole Sonnenfeld
(m. 1985)
Children2
EducationDartmouth College (BA)
Johns Hopkins University (MA)
Signature

Timothy Franz Geithner (/ˈɡtnər/; born August 18, 1961) is an American former central banker who served as the 75th United States Secretary of the Treasury under President Barack Obama from 2009 to 2013. He was the President of the Federal Reserve Bank of New York from 2003 to 2009, following service in the Clinton administration. Since March 2014, he has served as president and chairman of Warburg Pincus, a private equity firm headquartered in New York City.[2]

As President of the New York Fed and Secretary of the Treasury, Geithner had a key role in government efforts to recover from the financial crisis of 2007–08 and the Great Recession. At the New York Fed, Geithner helped manage crises involving Bear Stearns, Lehman Brothers, and the American International Group; as Treasury Secretary, he oversaw allocation of $350 billion under the Troubled Asset Relief Program, enacted during the previous administration in response to the subprime mortgage crisis. Geithner also managed the administration's efforts to restructure regulation of the nation's financial system,[3] attempts to spur recovery of the mortgage market and the automobile industry, demands for protectionism, tax reform, and negotiations with foreign governments on global finance issues.[4][5]

  1. ^ Raum, Tom (October 18, 2008). "Next treasury boss will feel power - and stress". USA Today. Retrieved November 25, 2010.
  2. ^ Bloomberg "Company Overview of Warburg Pincus LLC - Timothy F. Geithner", Bloomberg L.P.; 2018. Retrieved 12-07-18.
  3. ^ Stout, David (June 18, 2009). "Senators Skeptical of Financial Regulation Plan". The New York Times. Retrieved January 16, 2010.
  4. ^ "Obama On AIG Rage, Recession, Challenges". 60 Minutes. March 22, 2009. CBS.
  5. ^ Lawder, David (January 13, 2009). "Geithner to attend Feb G7 meeting in Canada". Reuters. Retrieved January 16, 2010.