http://en.wikipedia.org/wiki/Timothy_F._GeithnerTimothy Franz Geithner (last name pronounced /ˈgaɪtnər/; born August 18, 1961) is the 9th president of the Federal Reserve Bank of New York. In that role he also serves as Vice Chairman of the Federal Open Market Committee (FOMC). President-elect Barack Obama will nominate him as the next Secretary of the Treasury.
After completing his studies, Geithner worked for Kissinger and Associates in Washington, DC, for three years and then joined the International Affairs division of the US Treasury Department in 1988.
In 1999 he was promoted to Under Secretary of the Treasury for International Affairs and served under Treasury Secretaries Robert Rubin and Lawrence Summers.
In 2001 he left the Treasury to join the Council on Foreign Relations as a Senior Fellow in the International Economics department. He then worked for the International Monetary Fund as the director of the Policy Development and Review Department until moving to the Fed in October 2003.<1> In 2006 he became a member of the influential Washington-based financial advisory body, the Group of Thirty.
On November 21, 2008, CNBC reported that Geithner would be nominated for the position of Treasury Secretary for the Obama administration.
He was involved in the Bear Stearns and AIG Bailout and the decision to let Lehman Brothers fail.
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