New Book Reveals Obama Ordered Geithner To Consider Dissolving Citigroup

Zeke Miller
Business Insider

Pulitzer Prize-winning author Ron Suskind reports that at the height of the financial crisis, President Barack Obama ordered Treasury Secretary Timothy Geithner to devise a plan to dissolve Citigroup — a directive his subordinate ignored, the Associated Press reports.

The revelation, included in Suskind’s forthcoming book on the Obama administration’s handling of the crisis, “Confidence Men: Wall Street, Washington, and The Education of A President,” suggest the president faced difficulty managing disparate voices in his administration.

“The speed with which the bureaucracy could exercise my decision was slower than I wanted,” Obama told Suskind, according to AP.

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