After a rough start, Timothy Geithner has found his sea legs. Many were calling for the Treasury secretary’s head after his botched handling of February's bailout speech and the AIG bonuses. But, reports Politico, as the economy stabilizes, Geithner’s getting the hang of things. His regular meetings have gotten the economic team on the same page, and he’s switched from big speeches to quiet off-camera meetings with reporters, where he does better.
Says a Republican lobbyist, “His speeches are boring, but they’re supposed to be boring. He’s the secretary of the Treasury.” Adds a GOP financier, “It would be very inadvisable to switch generals in the middle of an economic war.” That gets at one of Geithner’s major advantages as he pushes major financial regulations: who else is going to do this job?