If Tim Geithner had his way, the government would have bailed out Washington Mutual bondholders and prevented Wells Fargo from acquiring the floundering Wachovia Corp. in 2008, ensuring instead that it was awarded to Citigroup.

In his role as president of the Federal Reserve Bank of New York during the financial crisis and later as Treasury secretary, Geithner is often viewed as the most aggressive in pushing for government intervention. Former Federal Deposit Insurance Corp. Chairman Sheila Bair even derided him as "bailouter-in-chief" in her book on the crisis.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access