An Economist piece about incoming Treasury Secretary Tim Geithner explored Mr. Geither’s background in the Clinton Administration and his experience handling crises. But a number of blogs were more interested in a middle paragraph that that discusses Mr. Geithner’s youthful appearance and fondness for naughty words. It also notes that he snowboards and has tried skateboarding. The description prompted the Daily Show blog to correct an earlier post that described Mr. Geithner as “boring.”Well, we probably need some naughty words on the economy about now, although if he mainly says them after screw-ups, perhaps not so much. He's being described as either the best or worst pick ever, whatever that means.
Bottom line, is he just a front man for Summers and Volcker, or his own man? Should we blame him for the Lehman collapse, or for not shouting loudly enough about the problems at Fannie and Freddie? And what were his views on the origination of sub-prime mortgages when he was an Undersecretary of Treasury during the Clinton administration of the mid 90s? Perhaps these questions will be answered at the confirmation hearings, if they last more than a few hours.