Tim Geithner, a victim of the real estate mess?

We've seen some high-profile "victims" of the real estate crash. Chief among them: New York Times economics reporter Ed Andrews, who penned a long confession for his paper abut how ended up with an Alt-A loan that ballooned to unmanageable extremes. He bought the line, unskeptically, about how home prices would rise forever.

Another shocking victim is none other than Treasury Secretary Tim Geithner. According to the AP, He paid $1.6 million for a home near Larchmont , New York. But after he got his new job in D.C. he put the five-bedroom Tudor on the market for $1.635 million in February. He then dropped the price to $1.575 million before renting it for $7,500 a month last month. The AP says that likely does not cover the monthly payments and taxes on two loans totaling $1.25 million. So he's got a vested interest in ending the crisis. Not quite as lucrative as stock options, but he's incented nonetheless. 

For more:
- here's the article

Related Articles:
AIG vs. Geithner on bonuses
New sheriff on Wall Street: Tim Geithner
More analysis from Tim Geithner