April 13th, 2009
03:42 PM ET
13 years ago

Geithner to host global finance meeting

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2009/images/03/23/art.getty.geithner.side.jpg caption="Geithner will host a global finance meeting next week."]NEW YORK (CNNMoney.com) - Treasury Secretary Tim Geithner will host a meeting of international finance ministers next week, the Treasury Department said Monday.

The April 24 gathering of Group of 7 officials in Washington, D.C., will be followed by a larger meeting of Group of 20 ministers.

After a summit in London earlier this month, G-20 member nations agreed to increase oversight of the global financial system and pledged more than $1 trillion to the IMF to help economies in need.

However, certain details of the plan remain unclear and analysts said next week's meetings will likely involve discussion of, among other things, how much money individual members will commit to the IMF.

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Filed under: Timothy Geithner
soundoff (45 Responses)
  1. Brian - Trinidad

    Here is a guy who couldn't give the senate a straight answer while under oath,and he is going to represent the USA in a global conference.What a joke this is!

    April 13, 2009 05:02 pm at 5:02 pm |
  2. Kevin B

    I have made mistakes in the past on my taxes, does that mean I should not be allowed to pursue my profession?

    Republicans have become pure syncophants and hypocrites. All of the carping in face of real people struggling to maintain in this economy will result in even more of GOP being turned out in '10 and '12

    April 13, 2009 05:05 pm at 5:05 pm |
  3. Anya

    Why are we still talking about his tax problems? The truth is, Geithner is doing a fantastic job. You know those "tiny glimmers of hope" we are hearing about? You know how the stock market has rebounded? Yeah, that is because of what the Treasury Department and Federal Reserve have done. Including Timothy Geithner. When did the dow surge nearly 500 points, and then continue to surge and stay that way? After Sec. Geithner unveiled his toxic asset plan.
    We all want the economy fixed right?
    Why don't we start to support the man who has been, and will get it done.

    April 13, 2009 05:05 pm at 5:05 pm |
  4. EBC, MD

    Brilliant, absolutely brilliant.

    President Obama is proving that when you surround yourself with the "BEST of the BEST," you are destined for great things. President Obama is proving he's got a terrific staff, regardless what the media pundits or the REPUGS think or say.

    April 13, 2009 05:05 pm at 5:05 pm |
  5. amt, CA

    Geithner is extremely intelligent in his expertise, & will do a good job as treas secy. Pres Obama has done a superb job so far & there's no reason to think it will not continue. I have no regrets in voting for him & will do so again in 2012

    April 13, 2009 05:05 pm at 5:05 pm |
  6. Joseph

    Geithner and other Obama's secretaries are the worst examples for American taxpayers. if everyone follows their lead, the IRS would close their doors soon.

    April 13, 2009 05:07 pm at 5:07 pm |
  7. Steph

    Right wing argument #1: The president is a failure already because the stimulus isn't working. He should have fixed all of our problems within his first few weeks in office. He can't blame Bush. It is Obama's economy now.

    Right wing argument #2: Oh wait, it is working. Well, it is working too quickly...it must be something that Bush did.

    Right wing argument #3: I don't care that it is working. I'm just going to pretend that it isn't and complain anyways!

    April 13, 2009 05:09 pm at 5:09 pm |
  8. Robin in Tampa, FL

    Tim's doing an alright job, he gets points for helping to craft the stimulus bill but he looses some points for not being more heavy handed with the banks.

    April 13, 2009 05:16 pm at 5:16 pm |
  9. Sheppy

    I say ALL Senators and House Reps. have their tax returns audited! THis will settle all the foaming of the mouth from the Repugs! There are millions that don't pay people. My ex boss is one who owes hundreds of thousands and they won't even try to find him. He skipped town and they have been given his current address over and over again. If the IRS would just make these type of theifs pay up we wouldn't be in so much debt! I'm tired of paying my taxes and they let con's go without paying.

    April 13, 2009 05:23 pm at 5:23 pm |
  10. Yao

    Did he learn how to pay taxes? I thought he was going to resign and learn how to pay taxes first.

    April 13, 2009 05:25 pm at 5:25 pm |
  11. phoenix86

    The $1 trillion "aid" to the IMF is misleading. It was really a bailout for European banks, as the majority of the funds were used to payback European banks on behalf of Third-World governments.

    April 13, 2009 05:28 pm at 5:28 pm |
  12. Yao

    Brilliant, absolutely brilliant? That is sick. Someone who crew up AIG + cannot know how to pay his taxes after spending years as head of the entity? America knows better than Geithner who should be shamed of himself and his family: it was a mistake, I made a mistake, pure mistake, just mistake. That is a brilliant person: know how to foul more than 300 millions Americans (not me counted).

    April 13, 2009 05:28 pm at 5:28 pm |
  13. Tom

    Extremely intelligent people often don't appear very mainstream, like the next door guy who's always good for a beer, or Joe the plumber, or W. Geither is an extremely smart guy, and, probably, a nerd – for this job, he has to be. This explains the fact that he isn't everyone's favorite TV appearance, especially not for the low IQ sector of the voting population which prefer the GOP.
    Why isn't this actually an issue that is discussed openly ? Highly educated people tend to vote democratic (complex thinkers), while not so smart people tend to vote GOP (simple answers and lies).

    April 13, 2009 05:29 pm at 5:29 pm |
  14. Maggie

    This is just another exampole of Pre Obma's mistakes. This guy should nbever have been given this postion. Sad Sad

    April 13, 2009 05:30 pm at 5:30 pm |
  15. phoenix86

    Dear Steph:

    Obamabot Arguement #1: Blame Bush

    Obamabot Arguement #2: Blame Republicans

    Obamabot Arguement #3: See Obamabot Arguement #1

    April 13, 2009 05:31 pm at 5:31 pm |
  16. ib

    Left wing argument no. 1: Blame Bush for everything that goes wrong for the next 50yrs.

    Left wing argument no.2: If Obama can't fix it blame Bush

    Left wing argument no.3: Right wing people are stupid.

    Left wing argument no.4: Obama walks on water: doesn't have time to fix anything that can't be controlled by the goverment taking it over.

    April 13, 2009 05:33 pm at 5:33 pm |
  17. Chipster

    During the past 8 years, the deficit increased by something like $4 trillion (nearly doubled) and much of the deficit we anticipate can still be attributed to the $ billion plus cost of a war of obsession in Iraq. We will continue to pay for that for at least another year. That's more than $1 trillion of the deficit to which you refer. You can thank the previous Administration for that parting gift!

    So tell me, when did deficits suddenly become an issue for you? Suddenly, Rip Van Republicans are waking up and noticing the deficit! Astonishing!

    April 13, 2009 05:42 pm at 5:42 pm |
  18. Joe, Chicago IL

    This is Obama's most brilliant move to date.

    Promise to donate to the IFM...put Geitner on the job...Geitner has the US contribute using his personal tax paying formulas...in the end we owe NOTHING!!!

    I had no idea why Geitner was chosen for the job, but it is all clear now.


    April 13, 2009 05:47 pm at 5:47 pm |
  19. Chipster

    Yao, I can only say YOW! AIG? Are you kidding? The AIG bailout deal was made in Sept. 2008 – BEFORE the election and months before Obama's Inauguration. How have you managed to blame Geithner for that fiasco?

    Look up "Inauguration" and you might notice that the date was January 20, 2009.

    April 13, 2009 05:48 pm at 5:48 pm |
  20. Dilligaf

    Lest we forget, it was Turbo Tax-Cheat Timmy, Lawrence Summers and Robert Rubin who in the late 1990s pushed for banks to get into other investment vehicles other than just BANKING, which they were best at. Now they blame everything on Bush. Fricking hypocritical moron.

    April 13, 2009 05:50 pm at 5:50 pm |
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