Timothy Franz Geithner( President of the Federal Reserve Bank of New York)
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Biography Timothy Franz Geithner
Timothy "Tim" Franz Geithner was born August 18, 1961 in Brooklyn, New York. His father, Peter Geithner, worked in the government and the U.S. Agency for International Development, who regularly travel to Zimbabwe and Zambia and was head of aid programs to developing countries from the Ford Foundation. Mother, Deborah was a musician, taught - to play the piano. In the old Geithner had many well-known figures of American politics and business: his grandfather on mother's side was a vice president of Ford automotive and advisor to President Dwight D. Eisenhower. Brother of Deborah Geithner, Jonathan Moore, was the deputy U.S. representative on political cooperation in the UN under President George HW Bush.
. Geithner's father took the family to travel, and a significant part of Timothy's childhood spent in East Africa, as well as in India, Thailand, China and Japan
. He enjoys photography, and once, even while in school, traveled to Cambodia, where they filmed scenes from the life of refugees. Geithner graduated from the International School of Bangkok (International School of Bangkok) and returned to the United States, entered Dartmouth College (Dartmouth College). There he studied Chinese and Japanese languages and on undergraduate was an instructor in the Chinese language. In 1983 Geithner received a Bachelor of Arts degree in Public Administration and Asia. Then he entered the School of Advanced International Studies at Johns Hopkins University (The Johns Hopkins University School of Advanced International Studies), . where in 1985 he received a master's degree in international economics and Asian countries.,
. After graduation, Geithner went to work in a consulting firm Kissinger Associates, where he was assistant to Henry Kissinger (Henry Kissinger), Nobel Peace Prize laureate and former U.S. Secretary of State
. In 1988 Geithner went to work in the Department of International Affairs, Ministry of Finance (Treasury), USA. From 1994 to 1996 he was Deputy Assistant Secretary of the Treasury for international monetary and financial policies. From 1996 to 1997 - Assistant Deputy Minister of Finance for International Affairs. From 1997 to 1998 Geithner served as the Senior Assistant Deputy Minister of Finance for International Affairs. At work in the Ministry of Finance Geithner led activities to help the economies of Brazil, Mexico, Indonesia, South Korea, Mexico and Thailand affected by global crises of the late 1990's. In addition, during this period Geithner briefly worked as an assistant attache for Financial Affairs at the U.S. Embassy in Japan.
From 1998 to 2001 Geithner served as Deputy Minister of Finance for International Affairs. At this time, the Ministry headed by Robert Rubin at first (Robert Rubin), . then Lawrence Summers (Lawrence Summers) and with addition, . and another called patrons Geithner and both subsequently supported Barack Obama in the U.S. presidential election in 2008.,
. In 2001, Geithner left the ministry and entered into a non-governmental Council on Foreign Relations, where from February to August, worked in the department of international economic relations
. In late 2001, he became director of the department for policy formulation and analysis, and Independent Evaluation Office International Monetary Fund. These posts he held until November 17, 2003 when he was appointed president of the Federal Reserve Bank of New York - a major bank in the Federal Reserve System (FRS) the USA.
. As head of the Federal Reserve Bank of New York, Geithner has been vice-chairman of the Federal Committee on Peacekeeping Operations on the open market the U.S. Federal Reserve and was a member of International Society "Group of Thirty" - an association of the most influential financiers and economists from around the world,
. Back in 2005 Geithner warned the leaders of investment funds and banks about a possible crisis and tried to limit speculation in the markets.
. Geithner played a crucial role in events related to opposition to international financial crisis that began in 2008
. Geithner took the decision to rescue from bankruptcy and subsequent sale of investment bank Bear Stearns and the insurance company American International Group, the crisis-affected. Simultaneously, he influenced the decision of the bankruptcy once the largest investment bank Lehman Brothers and the implementation of other anti-crisis measures Fed.
. Press noted that Geithner supported equally good relations with Democrats and Republicans
. It is sometimes called a moderate Republican, but since 1992, he never made donations to election campaigns. After winning the U.S. presidential election in November 2008, Democrat Barack Obama announced his intention to appoint Geithner U.S. Treasury. Acting Minister of Finance Henry Polson (Henry Paulson) has supported this appointment, he also welcomed, and other experts and the news of it reflected a jump up the U.S. stock market indices. Geithner be approved as minister of finance in the U.S. Senate after the Jan. 20, 2008.
In his new post Geithner will receive a salary of $ 191 thousand dollars a year. For comparison, in 2007 as president of the Federal Reserve Bank of New York wages Geithner was 398 thousand dollars.
. Geithner is a board of directors of the Center for Global Development - a research institution (think tank) in Washington and is a confidant of the New York Economic Club.
. Geithner is married to Carole Marie Sonnenfeld (Carole Marie Sonnenfeld)
. They studied together at Dartmouth College, were married in 1985 and are parishioners of the Protestant United Church of Christ. Carol's father was a teacher at the university, and his mother - the conductor of the orchestra at Princeton. Carol worked as an assistant in the lobbying firm Common Cause. Timothy and Carol have two children: son, Benjamin (Benjamin) and his daughter Alice (Elise). Geithner enjoys fishing, tennis and surfing.