Treasury Secretary Timothy Geithner says it’s possible that the Obama administration might force other CEOs to resign, CBS News is reporting.
In an interview, Geithner noted the recent ousting of GM chief Rick Wagoner and said the government has had to do “exceptional things” to combat the economic downturn, citing AIG and Fannie Mae and Freddie Mac.
Asked if he would leave open the option of pressuring the chief executive of a bank to resign, he said, “Of course.”
Auto maker. Insurance agent. Mortgage broker. Banker. I wonder what Timothy Geithner wanted to be when he was a kid. Because it looks like he’s still playing with a few ideas.
When I was a kid, we played “Cops and Robbers” and “Army Men.” Kids in my neighborhood now play a game called “Job,” in which they pretend they’re gainfully employed in a well-functioning economy. Ah, the fantasies of youth.