March 23, 2009
How quickly Timothy Geithner has fallen out of favor.
The youthful Treasury secretary was once seen as the embodiment of the new best and brightest. His boyish persona is now noted for the absence of gravitas.
The New York Times initially reported that Wall Street welcomed Geithner's Federal Reserve experience. It was a "measure of continuity." By mid February, after the first rescue plan flopped, the Times saw obstacles in his "closeness to financiers" and the use of "jargon" indicative of his past "behind the scenes" role.
Back in 2007, the Times wrote admirably of Geithner's deliberative composure. "Calm Before and During a Storm," headlined the profile of Geithner. Today, when Geithner is concerned, deliberation is indecisiveness and calm is a failure to "connect."
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