Lawrence Summers is a brilliant, sometimes arrogant economist who can be hard to work with. Timothy Geithner, whose sharp mind has been honed by five years of dealing with the heads of the world’s largest financial institutions, got his job as president of the New York Federal Reserve Bank partly because he is easy to work with.
Sharp minds have been in short supply in the Bush administration. Given the severity of the economic crisis facing the country, President-elect Barack Obama’s choice of Summers to head the National Economic Council and Geithner to be Treasury secretary is a relief.
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