Obama Stands by His Treasurer
Treasury Secretary Timothy Geithner has developed a bad reputation in his short time on the job. He appears to have the fortitude of porridge and a love of banks and the bankers who bankrupt them. Despite calls for Geithner’s ouster over the AIG bonus blunder, the president says he has “complete confidence” in his top economist.
President Barack Obama voiced confidence in U.S. Treasury Secretary Timothy Geithner for the second day in a row on Wednesday amid criticism over the government’s handling of American International Group’s bonuses and lingering delays in filling key Treasury jobs.
“I have complete confidence in Tim Geithner and my entire economic team,” Obama said with Geithner at his side on the White House South Lawn.