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...Aside from its sheer enormity, this heap of cash is also intriguing because of the “public-private investment fund” included in Treasury Secretary Timothy Geithner??s recent proposal. The potentially $1 trillion vehicle would aim to combine public and private capital to buy toxic assets from banks. Though widely criticized in its eight days of life, the fund may succeed in attracting private investors—but only if Geithner offers more specifics to incentivize private financing and subdue historic antagonism between private and public sectors, which is traditionally worse in times...

Author: By Noah M. Silver | Title: Bridging the Capitalist Divide | 2/17/2009 | See Source »

Standing in Obama’s Cabinet is a collection of Ivy Leaguers. Treasury Secretary Tim Geithner??a Dartmouth grad—heads an economic-policy team that boasts four Harvard professors, whose students praise Obama’s picks. But the president should be leery of advisers who come from the same universities and work for the same administrations. Such similarity causes groupthink, and Obama may have assembled a set of bobbleheads...

Author: By Brian J. Bolduc, CRIMSON STAFF WRITER | Title: The Best and Brightest | 2/16/2009 | See Source »

Inspired by the rock star visit, however, I did pick up the phone and call Larry’s right-hand man on the issue—Undersecretary of the Treasury Tim Geithner??one of the true heroes of debt relief for poor countries. I asked Tim where Larry’s head was on the idea of us announcing something more at the World Bank/IMF meeting. Tim, notoriously brilliant and tight-lipped, just said that Larry wanted to do as much as anyone and that he was weighing the issue. While almost all economic decisions were made...

Author: By Gene Sperling, CRIMSON STAFF WRITER | Title: Debt Relief, Global Poverty and Larry Summers | 10/14/2001 | See Source »

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