As Treasury secretary, Geithner may try to oust Bair

12/4/2008 | Bloomberg

Timothy Geithner, president of the Federal Reserve Bank of New York and President-elect Barack Obama's nominee for Treasury secretary, said Sheila Bair, chairwoman of the Federal Deposit Insurance Corp., is too focused on protecting the FDIC rather than the broader financial system and that she is not a team player. Insiders expect Geithner to try to push Bair out of office, but doing so may be quite a challenge.

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