With the Obama administration's new proposed limits on bank size, leverage, and trading -- a set of regulations that can only be the handywork of Paul Volcker -- Tim Geithner is now truly a lame duck Treasury Secretary.
Our guess is that he stays until November 3, 2010, the day after the midterm elections, when Democrats are expected to lose seats.
Geithner is Obama's Rumsfeld, and the President will need someone to can after the midterms, which is why he won't be getting fired any earlier.
Don't miss: 10 likely replacements for Tim Geithner -- >
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See Also:
- Obama's Assault On Wall Street Begins: New Limits On Size, Leverage, And Prop Trading Coming
- Tim Geithner Will Be Fired After The November Elections
- Tim Geithner, Meet Your Replacement
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