Capital Commerce

Geithner's Treasury Tax Woes: He's Too Big to Fail

By James Pethokoukis

Posted: January 14, 2009

So Timothy Geithner, Barack Obama's pick for treasury secretary, failed to pay $42,000 in taxes and once employed a housekeeper whose work permit had expired. Although revelations similar to these killed the chances of some previous cabinet selections, Geithner is apparently regarded in Washington as too big -- or, at least, too important -- too fail. Must be nice. This, from Politico:

Finance Committee Chairman Max Baucus (D-Mont.) said the revelations did not disqualify Geithner, and he said it was crucial for Obama to have a new Treasury secretary in place when he takes office next week. Sen. Charles Schumer (D-N.Y.) said the economic problems facing the country are too serious to allow Geithner’s nomination to go down.

Me: Is one of the responsibilities of the Department of the Treasury the collection of taxes? Why, yes it is.

Good Crooks

The nonFEDERAL RESERVE is full of "good" crooks whose mission it is to destroy America.

Matthew of NV @ Aug 30, 2009 01:52:34 AM

Need Someone Very Honest

We're going to need a very honest guy at this position. The TARP Reform Bill that Barney Frank is trying to push through not only gives the banks the remaining $350 billion, it gives the banks access to more money through direct borrowing by the FDIC and Treasury without Congressional oversight.

http://ewebsmith.com/Gov/tarpreform.html

Web Smith of CA @ Jan 14, 2009 20:12:26 PM

It is telling that Team Obama KNEW about this + still nominated him. What does that say? To me, it says that having one party govt will lead to arrogance and ultimately, policies that are in the interest of the Democratic party and the special interest groups they cater to. Not only do we have one party govt, we essentially have a one party press. This will be a very dangerous time for America as we may never be able to untangle the destructive influence of policies that will be rammed down our throats.

I-Man of NV @ Jan 14, 2009 14:23:46 PM

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Capital Commerce

Capital Commerce

U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

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