Geithner: Suggested Clinton as possible successor

[Omaha Steve]

Source: AP-EXCITE

By MARTIN CRUTSINGER and JOSH BOAK

WASHINGTON (AP) — Timothy Geithner says in a new memoir that he considered stepping down as Treasury secretary in 2010 after the financial crisis and suggested Hillary Rodham Clinton as a possible successor.

President Barack Obama rebuffed Geithner's suggestion, and he remained at Treasury until 2013.

Geithner's memoir will be published next week. On Thursday, The Associated Press bought an early copy.

Geithner writes of the incident in "Stress Test," which explores his turbulent four years at Treasury. During his tenure, the Obama administration faced the worst recession and most severe financial crisis since the Great Depression.

FULL story at link.

Read more: http://apnews.excite.com/article/20140509/us-geithner-memoir-54c0902d99.html

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FILE - In this July 25, 2012, file photo, then-Treasury Secretary Timothy Geithner testifies on Capitol Hill in Washington. Two of President Barack Obama{2019}s closest first-term advisers will soon spill insider details on the administration{2019}s handling of the early days of the Great Recession, the White House{2019}s cautious response to the Syrian civil war and the genesis of clandestine talks with Iran. The memoirs from former Secretary of State Hillary Rodham Clinton and Geithner will be the latest installments in an often awkward Washington ritual: one-time confidants signing big book contracts to examine a presidency that is ongoing and policy decisions that still are being implemented. (AP Photo/J. Scott Applewhite, File)

[Scuba]

1. I'm shocked. I was sure he was going to suggest Jamie Dimon.

[JackRiddler]

8. Why would Dimon accept a demotion?

[L0oniX]

2. Perfect match! Google "Clinton money"

This is the only Clinton I'd vote for!

[billhicks76]

7. "Its gonna take martial law if you ain't gonna get it"

Yeah right then why didn't he resign? Hillary? How about someone from the trenches who actually knows what he's doing and is a scholar and not a shuckster. I was on the plane with a hedge fund guy who told me in the 90s when they hired academics and professors to advise panels for the Fed this Harvard prof brought up the world bubble referring to what was happening in Japan and here soon and Geithner immediately had him removed. They PLANNED all these bubbles to personally enrich themselves and set the suckers out without a tether. Timmy is only saying this now because they want Clintin (or Jeb Bush) as president to maintain control as they have always been Junta pre-approved. I will never vote for a War mongering Clinton or Bush again. I'd rather work outside this corrupted system and start over.

[on point]

3. Crony capitalism at it's best

[TwilightGardener]

4. Why? What would she know about running the Treasury? Because she

dabbled in cattle futures? How fucking stupid.

[KoKo]

5. Hillary Clinton was qualified to replace him?

I think it's just him plugging her for President. It makes him sound even more incompetent and toadying than many of us who followed the financial meltdown {and educated ourselves on its cause thought he was).

[JDPriestly]

6. He wrote his book too soon. There are still a lot of problems.

Too soon to tell how things will work out.

[Octafish]

9. Would she also use homeowners to 'foam the runway' for the banks?

Epic doubleplus good.