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Obama to Nominate New York Fed Chief Timothy Geithner as Treasury Secretary

Obama to Nominate New York Fed Chief Timothy Geithner as Treasury Secretary: President-Elect Barack Obama is likely to nominate New York Federal Reserve Bank chief Timothy Geithner as his Treasury secretary, proposing to put in the critical post a professional bureaucrat who hasn’t worked for Wall Street but has a record of working closely with it, earning the respect of the industry, as well as many lawmakers and regulators.

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