Timothy Geithner, the tax code's poster boy

Every four years or so, Washington trots out a new Nominee with a Tax Problem. The latest is Timothy F. Geithner, president of the New York Federal Reserve Bank and one of the architects of the current efforts to end the credit crunch. Geithner somehow failed to pay thousands of dollars in payroll taxes from 2001 to 2004 while working for the International Monetary Fund. Now he's President-elect Barack Obama's choice for secretary of the Treasury, which would put him in charge of ... the IRS.

January 15, 2009