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Monday, November 24, 2008

Setser: "Thrilled" with Geithner Pick for Treasury

by Calculated Risk on 11/24/2008 08:51:00 AM

Brad Setser at Follow the Money writes: A new economic team

[B]efore moving to New York I worked for Mr. Geithner at both the Treasury and the IMF. Mr. Geithner was, by the end of the 1990s, in charge of Treasury’s International Affairs division, so almost everyone who worked there — Tim Duy and Nouriel Roubini to name two — also worked for Mr. Geithner. At the IMF, Mr. Geithner encouraged the IMF to pay more attention to balance sheet vulnerabilities — and helped to push a paper I worked on with a group of talented young IMF economists through the IMF’s internal review process.

It consequently is no surprise that I am thrilled that Mr. Geithner looks to be Obama’s choice for Treasury Secretary. I am also pleased that President Obama also found a way to pull Dr. Summers — a voracious consumer of economic and financial analysis, including economic and financial blogs — into the administration.
Setser writes much more on Mr. Geithner including linking to a number of speeches and other resources.

Wow. Three of my favorite bloggers all worked for Geithner. Hopefully Tim Duy (at Economist's View with Mark Thoma) and Nouriel Roubini (RGE Monitor) will also comment.