BUSINESS
02/06/2013 08:44 am ET

Timothy Geithner Joining Council On Foreign Relations As Distinguished Fellow

Recently departed Treasury Secretary Timothy Geithner is joining the Council on Foreign Relations in New York City as a distinguished fellow, according to Politico's Mike Allen.

"We are thrilled to welcome Tim back to the Council on Foreign Relations," said CFR President Richard N. Haass in a statement to be released later Wednesday. "Both at Treasury and at the New York Federal Reserve, Tim was a tireless, creative, and responsible custodian of the public trust. His coming to CFR only strengthens our capacity to produce thoughtful analysis of ... economic, political, and strategic developments."

Geithner was previously a senior fellow at CFR in 2001.

Geithner is the longest-serving member of Obama's economic team and took office while the financial crisis was in full bore after serving as president of the New York Fed during the collapse of Lehman Brothers. He has been criticized for his handling of the Home Affordable Modification Program or HAMP, which was designed to stem the foreclosure crisis but fell well short of its goal to help 3 to 4 million homeowners.

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