As president of the Federal Reserve Bank of New York, Mr. Geithner was a key decision maker last September when the government let Lehman Brothers fail and then, two days later, bailed out the insurer American International Group for $85 billion.
Those decisions proved cataclysmic. The markets and the economy have yet to recover from Lehman’s failure.
- 15DEC08 NY Times
Oops. Sorry George. My Bad.