Due to the fact president of your New york Provided out of 2003 so you’re able to 2009, Timothy Geithner and additionally skipped chances to end biggest this really is from self-destructing. While we claimed in ’09:
Though Geithner several times raised concerns about the newest inability out-of finance companies to see their dangers, also the individuals taken as a result of derivatives, he and the Government Reserve program don’t work with sufficient push so you’re able to blunt the latest dilemmas that ensued. Which had been mostly due to the fact he and other government depended an excessive amount of on guarantees away from elder banking professionals that their businesses was indeed secure and you can sound.
Henry Paulson, Treasury Assistant of 2006 in order to 2009, has been criticized for being sluggish to resolve the fresh drama, and you will starting greater uncertainty on the economic New york Minutes interview, Paulson told you he had no solutions.
Where he could be today: Gramm could have been an excellent vice chairman at UBS since the guy kept Congress in the 2002. Greenspan was retired. Summertimes offered since a high economic advisor to help you Barack Obama up to ; since then, he is been knowledge within Harvard. Geithner is currently serving while the Treasury Assistant under the National government.Seguir leyendo