Forum Post: Tim Geithner, "bailouter in chief," is stepping down at the end of Jan. Can we get Obama to choose someone not from Wall Street?
Posted 2 years ago on Jan. 6, 2013, 1:47 a.m. EST by toobighasfailed
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Not only was Geithner called "bailouter in chief" by Sheila Bair, but he also was called "our man in Washington" by a top banker in Ron Suskind's book Confidence Men.
Geithner was a major player in the bank bailouts.
Here's the report about him stepping down: http://www.huffingtonpost.com/2013/01/03/timothy-geithner-step-down_n_2403806.html
The problem is that Jack Lew, another Wall Street guy, is going to be called to fill the treasury spot. Here's what Salon has to say about Lew:
"For his work at Citigroup, work that included betting on the housing collapse, Lew received a salary of $1.1 million. After Citigroup received its $45 billion taxpayer bailout, Lew—two weeks before joining the Obama administration—received another $900,000 from Citigroup as a bonus."
Is there anything we can do to pressure Obama to not choose Lew, and to choose someone who cares instead about main street?
I made this venn diagram to try to show how bad this problem is and spread the word: http://www.switchyourbank.org/we_need_more_people_from_main_street
Any ideas about other ways to put pressure on Obama to not cave into Wall Street's wishes?