Timothy Geithner
American central banker and politician / From Wikipedia, the free encyclopedia
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Timothy Franz Geithner (/ˈɡaɪtnər/; 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 managing director of Warburg Pincus, a private equity firm headquartered in New York City.[2]
Timothy Geithner | |
|---|---|
 Official portrait, 2009 | |
| 75th United States Secretary of the Treasury | |
| In office January 26, 2009 – January 25, 2013 | |
| President | Barack Obama |
| Deputy | Neal S. Wolin |
| Preceded by | Henry Paulson |
| Succeeded by | Jack Lew |
| 9th President of the Federal Reserve Bank of New York | |
| In office November 17, 2003 – January 26, 2009 | |
| Preceded by | William Joseph McDonough |
| Succeeded by | William C. Dudley |
| United States Under Secretary of the Treasury for International Affairs | |
| In office July 3, 1998 – January 20, 2001 | |
| President | Bill Clinton |
| Preceded by | David A. Lipton |
| Succeeded by | John B. Taylor |
| Personal details | |
| Born | Timothy Franz Geithner (1961-08-18) August 18, 1961 (age 62) New York City, U.S. |
| Political party | Independent[1] |
| Spouse |
Carole Sonnenfeld (m. 1985) |
| Children | 2 |
| Education | Dartmouth College (BA) Johns Hopkins University (MA) |
| Signature |  |
| Website | Government website |
Geithner testifies at a Senate Appropriations subcommittee hearing on the FY2012 Department of the Treasury budget request Recorded April 5, 2011 | |
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]