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FBN’s Charlie Gasparino on reports the President could persuade Timothy Geithner to replace Ben Bernanke as Chairman of the Federal Reserve.
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As first reported on Fox Business former Treasury Secretary Timothy Geithner is going to spend the next year or so.
Writing a book what comes next could be a big private sector job or does it go back to government and perhaps an even bigger role.
What could be -- Charlie and pressure.
This is one thing that's a lot bigger that I could say they excuses from.
Wall Street executives at the CEO level would I would say Tyson the White House and here's what they're saying.
That don't discount Geithner as the next Fed Chairman to replace replace Ben Bernanke as you know.
Bernanke's less likely to leave -- what people's speculate the next year or so right he's.
It's basically a single -- much is that -- -- out people think at the end of this at the end of 2013.
He might be out who's gonna replace and -- Jenny owns name around a lot.
But I can tell you that I'm starting hear this from Wall Street executives that are closer Geithner.
Close to the White House they're saying that don't discount to that we should point out Geithner has told people he really doesn't want the job.
But given until you've heard that in the past and -- Gregg Paulson.
Told President Bush about wartime said he didn't want the job as Treasury Secretary.
Back to 2006 and guess what on the -- -- -- the present intelligent.
Perhaps -- -- It's almost -- we need you.
You view you take the job and -- say that's what that's a lot of people on Wall Street think is gonna happen here that Geithner will come back to governing government -- if you gonna ask -- The sort of give lay odds on this I don't know I mean listen the guy is -- government this entire life.
It's never been in the private sector.
We think you want to make a few bucks this book I'm pretty sure they'll get a decent advance probably over a million dollars right.
Trust if Greg Smith can get a million that's very -- -- Goldman Sachs -- through the picture is secretary get a million dollars for his.
Is home about fuels like to work and treasury injured during dramatic -- -- -- financial crisis having set up pretty.
I mean you couldn't agree -- disagree with his performance I I think I don't think he's very good on the economy but he was in.
The main jobs as president of the New York fed which is the main regulator of Wall Street -- a financial crisis and the post.
And and the post financial crisis years the first four.
Here's of the Obama presidency you these are amazing time so that that book should be of interest agreed.
And -- I'll -- here like I said when the president calls.
You take the job.
You know we should point out that I'm not getting this from the White House I am getting this.
You know and it's the buzz -- -- we talk about buzz here at what's going out when people talk about that's why your -- -- a lot of people want to hear about volatile months I mean I can't guarantee is gonna happen you know -- I can I do know that -- told -- -- really -- -- -- that.
But the buzz is that he's on some sort of short -- that he could be -- And if he is asked when -- dollars to -- these guys -- you say yes even though they they profess not to want to jump finally.
Thought they had the Fed Chairman right.
There I mean.
I think that this cross hairs keep this guy has been talk it's over and I would think he's got kids she wants to just.
Lay low for awhile.
Families -- -- that he's got a year to write his book you'll make over a million do you collect his government pension money does and.
You know that he could think about the future it was that I mean -- who would -- I mean.
I could see Tim Geithner working for his friend Larry -- over BlackRock I could see that okay.
You know BlackRock is a firm that's you know can use his skills because -- was ahead of the New York fed they deal with primary -- -- with the bond market.
Black person huge -- from I could see that as you work at any bank -- -- He's he's got skills I can tell you where he absolutely won't be working where.
And that's running his old university has on the mater Dartmouth Dartmouth.
She doesn't want -- He does not want to and said he would not be the person to do well running the universe kind of agency did he went to Dartmouth right I think I think polls also want to Dartmouth.
So very liberal school like I gave a speech there is so liberal I give a speech there where -- was something else somewhat critical the president and I was doing it -- into an old graduating class and they just started screaming at me at.
It really is a -- I can't -- of General Electric guitar -- I found that Ivy League schools are the least tolerant of but the George Bush went to an Ivy League school but I I've found that -- Ivy League schools like that are the least tolerant of other views.
Especially you know anybody right of center went.
Universe -- -- the best -- -- school country that's right that's right.
Thank -- okay but Ohio university in betting there I'm I must say things that I just want to see -- -- the best journalism school in the country.
It surely they are not very much I'm getting yelled out.
