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FBN’s Charlie Gasparino on who could potentially replace Timothy Geithner as Treasury Secretary.
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And the Treasury Department confirming what we basically already new secretary.
-- treasury Timothy Geithner will not be serving his second term even if President Obama is real and.
Reason basically knew it is because the -- going to balance that.
About how we can advances -- who actually is every replacing Tim -- if the president has no terms were talking about let's talk about what we were first report.
Geithner tell the president signaling to people almost and that's how I got it that he wanted out of the White House is about 45 months ago then within a month -- that.
Personal Obama imploring him to stay wasn't just present bomb was Bild daily Bild daily chief of staff -- -- -- -- left.
Told me personally that he he and Michelle Obama.
Went out and personally tried I attempted to get Geithner to -- so we Greece to state what we also reported in that report was that he's gonna stay.
Through the term this is old news or by knows this is it twinkle by those -- point out that I think as of now he's the longest serving Treasury Secretary ever.
-- outcomes is tough job.
Lousy economy you know it's he does lot of reasons why you want out and -- reason -- -- -- last year.
But he agreed to stay for one more year old news new news.
Who's gonna replace -- now I can't tell you.
Here's why -- is -- wants the job desperately has the connections in Washington pushing those connections it's Larry Fink at BlackRock.
Note that as we hear from -- Jamie Dimon gets the exclusive but the Fox Business Jamie Dimon told fox does that work.
He is on suited for the job not intellectually.
Not in terms of character.
I just think he doesn't like taken orders for the same effect and I don't think -- and I don't think he likes to class warfare rhetoric the ups and try to -- and different and mom.
I don't know I mean this and I will says about Larry Lawrence but I -- Larry everybody is Larry.
Really Smart guy.
We should point out that Larry -- for -- was one of the creators of the mortgage backed securities -- and -- -- -- -- which currencies that might be an impediment for getting the job.
Who knows how that gets played up.
Created BlackRock from zero he got fired from Credit Suisse where he lost a lot of money.
It was one of those risk takers speculate 1980s in mortgage backed securities when there was another mortgage the first mortgage blow up.
Operated black working zero built it into what's now the largest money management firms in the world it Madison -- -- -- about money.
Usually what someone -- -- asset management business.
He has very tight connections in inside the White House I will say this when.
Obama -- started running when he was candidate Obama -- if -- -- a meeting with some of the Wall Street people back in 2007.
Key Wall Street people including Paul Volcker is at this meeting would Gary Cohen from Goldman Sachs.
Dick Fuld at that that Lehman Brothers are think was at that meeting -- bomb and he stayed very close -- White House since then.
And I know how do we know -- people -- close -- he desperately wants to be treasury.
With all of his baggage though the mortgage backed security baggage.
Could he become an election issue that is were were an election year where everything the president does going to be scrutinized by the Republicans he could he become an elect how he if he runs out and it's not gonna happen to -- Obama runs.
And they need to put -- we're not gonna have a clear replacement until after I mean I think I I think I got there at -- nursing stains if that was the plant death by this is what is astronauts who wants to keep it out of the political the real story is.
Finally we GOP side we should I think we should be we would do worse than haven't Larry -- mr.
secretary disguise a pretty Smart that we could have Michael Moore is a right that would be were -- got he's not voted Larry -- is an as far as left I wasn't I got to say we could do -- you can always the worst Charley thank you very much good stuff.
