In his confirmation hearings, Timothy “Eddie Haskell” Geithner aggressively supported a strong dollar policy.

I understand that this is the conventional wisdom, because much of the money made in Wall Street comes from borrowing cheaply and lending expensively, because the strong dollar policy makes it an attractive reserve currency, but in the long run it’s unsustainable.

He probably had to say it. I just hope that he’s not another Bob “Under Investigation for Insider Trading” Rubin about this.

BTW, the Senate Finance Committee voted in favor of his appointment by 18-5 and sent him to the Senate floor.