According to a spokesman, the mistake Timothy Geithner made on his tax returns is a common one, and since he's corrected it and paid the $34,000 he owed, the matter should be considered closed. Our system is so complicated, said commentators, that we shouldn't be too hard on him personally for messing up an "arcane tax matter."
Timothy Geithner currently serves as president and CEO of the Federal Reserve Bank of New York, where he has played a key role in formulating the nation's monetary policy. He joined the Department of the Treasury in 1988 and has served three presidents. From 1999 to 2001, he served as Under Secretary of the Treasury for International Affairs. Following that post he served as director of the Policy Development and Review Department at the International Monetary Fund until 2003. Geithner is a graduate of Dartmouth College and the Johns Hopkins School of Advanced International Studies. Since 1988 he has been able to do his own taxes correctly about eighty-five percent of the time.