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More on Geithner

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Last week [2] we noted questions about Treasury Secretary-designate Timothy Geithner’s record on economic policy.  Propublica [3] has more on his role as regulator in the Citigroup debacle.  As head of the New York Fed, Geithner lifted a ban on major acquisitions and reduced oversight and capital requirements as Citi aggressively expanded subprime mortgage business.   Now the firm is in crisis, and we’re paying for it.