geithner

Not the most encouraging profile on Geithner from portfolio.com. They basically make 2 major contentions:

1) he doesn't have the policy chops to make any ambitious moves.

It’s old news to people familiar with ­Geithner that he is not an economist and has no private-sector experience in finance, in contrast to pretty much every other Treasury secretary in recent years. For his critics, that says it all. “He may not be that comfortable with the subject matter,” Change author Cohan says. “I think that, in general, people who are good at math are more comfortable with talking about finance and thinking about financial policy and strategies. I think that if you’re going to come up with better strategies and better ideas, you need to have someone who’s a strategist, who understands how to come up with better policies.” Cohan says he’ll be “very surprised if Geithner comes up with any really new, insightful ideas on how to solve the financial problems.”

2) rather, as a beaurocrat, much of his behavior comes down to hedging bets within the established system.

Geithner’s scrupulous care not to promise too much, so as not to be seen as failing if the economic plan falls through, is not merely a reflection of “No Drama Obama.” It’s also a reflection of Geithner’s mind-set. “He’s been in bureaucracy all his life,” Seidman says, “and that’s the way they operate. You don’t get rewarded much for being right, but you take a hell of a beating if you’re wrong.” Still, one man’s bureaucrat is another man’s dedicated, lifelong servant of the commonweal, and that, presumably, is the Geithner who, one assumes, aced his interviews with President Obama.

This is perfectly in line with a great piece from Simon Johnson (former head of the IMF) in the May 2009 Atlantic that I am currently reading, so I don't want to talk about it (yet).