In new book, Geithner describes an apparent Scott Brown double standard

Monday’s Politico Playbook contains a notable excerpt from former Treasury Secretary Timothy Geithner’s newly released memoir “Stress Test: Reflections on Financial Crises” involving former Massachusetts US Senator (and current candidate for US Senate in New Hampshire) Scott Brown:

"Dealing with Congress, to put it mildly, did not feel like a careful, deliberative journey in search of the best public policy. I remember going to meet the personable Senator Brown...who had recently arrived in Washington after a campaign spent attacking the 'Cornhusker Kickback' ...We talked about our kids and about triathlons.

"When the conversation finally turned to substance, he said he liked the idea of financial reform and expected to be with us. But without any irony or self-consciousness, he said he needed to protect two financial institutions in Massachusetts from the Volcker Rule's restrictions. Then he furrowed his brow and turned to his aide. 'Which ones are they, again?' he asked."

Geithner is also quoted in the book as saying he thought about stepping down as Treasury Secretary after the financial crisis and suggested Hillary Rodham Clinton as someone who could possibly succeed him, the Associated Press reported.

Advertisement - Continue Reading Below