Thursday, August 27, 2009

Geithner Moves To New Home, But Some Question His Temporary Digs

The Huffington Post reports:
Treasury Secretary Timothy Geithner has finally moved into a permanent home after eight months in Washington, leaving behind some lingering questions about the rent-free arrangement he enjoyed with a college friend who was a former Wall Street executive and now a top official at a major international lender.

Geithner had been staying in a luxurious six-bedroom townhouse in the Kalorama neighborhood owned by Daniel Zelikow, the executive vice president of the Inter-American Development Bank. Zelikow previously served as a managing director at JPMorgan in New York. The no-rent arrangement, reported in The Washington Post last month with scant notice by other media, was approved by Treasury Department ethics lawyers before Geithner moved in, said Andrew Williams, a department spokesman.
You'll want to read the whole article.