Geithner has unusually strong ties to Wall Street execs

04/27/2009 | NYTimes.com

Financial institutions have complained that the government has attached too many conditions to the aid they've received. Meanwhile, critics -- including economists, lawmakers and former Federal Reserve officials -- say the rescue is skewed toward the financial industry at the expense of taxpayers. Timothy Geithner, as president of the New York Federal Reserve Bank and now as Treasury secretary, has played a key role. An examination of his actions shows that he developed unusually tight bonds with executives at the major financial institutions.

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