So there's been some red faces over the recent revelation that Treasury Secretary nominee Tim Geithner did not pay his taxes from his IMF job from 2001 through 2004. After an IRS audit flagged his 2003 and 2004 returns, he paid the taxes for those years, but did not pay his overdue taxes for 2001-2002 until the Obama transition team pointed it out shortly before he was nominated.
President-elect Obama seems to be willing to call it an "innocent mistake", as do many in the press, but hold on! This isn't Rep. Charlie Rangel, who underpaid on his taxes. That was embarrassing because Rangel heads the committee that oversees the IRS. Geithner was working all those years and paid ZERO in taxes. That wasn't oversight, it was an attempt to defraud!! The alternate explanation is that he is pretty darned inept, which should rule him out as a custodian of our billions. Either way, this incident should disqualify him from becoming Treasury Secretary.