US Treasury’s Geithner resents ‘Wall Streeter’ tag

WASHINGTON, April 25 (BestGrowthStock) – U.S. Treasury Secretary
Timothy Geithner doesn’t like the fact that he’s so often
associated with being a creature of Wall Street when nearly
his whole career has been in public service.

In an interview on CNN’s “GPS” program on Sunday, Geithner
responded sharply when asked how he felt about being portrayed
as “somehow in bed with Wall Street firms” while he spearheads
the Obama administration’s financial reform efforts.

At first it was amusing, but not for long.

“It is part of a narrative that hardened, which is that
people came to view the judgments we were making through the
prism of a myth,” Geithner said, adding it was untrue that he
had a background that left him beholden to industry.

“So I think it’s actually very damaging,” he said. “It’s
completely false, of course, and it, you know, should have
been corrected a long time ago.”

He said “newspapers of record” had wrongly implied he was
in thrall to Wall Street and noted: “Some of them keep writing
it, I don’t know why it’s the case.”

Geithner was president of the New York Federal Reserve Bank
before being nominated by President Barack Obama to head
Treasury and that is about as close as he came to Wall
Street.

He joked that he has never had “a real job” in the private
sector.

“You know, basically, almost right out of graduate school,
I came and worked as a very junior public servant at the
Treasury, and spent my entire professional life since in some
form of, you know, policy job,” Geithner said.
(Reporting by Glenn Somerville; Editing by Jan Paschal)

US Treasury’s Geithner resents ‘Wall Streeter’ tag