New Treasury head "forgot" to pay taxes

What would happen if you or I "forgot" to pay our taxes? Penalties, audits, maybe threat of jail time.

But if Geithner "forgets" to pay? Not so much.

http://michellemalkin.com/2009/01/13/obamas-treasury-secretary-tax-rules-for-thee-but-not-for-me/

Amazing, and there are already apologists to cover for him. And he's going to be in charge of the IRS too? Give's you warm fuzzies doesn't it?

“He’s dedicated his career to our country and served with honor, intelligence and distinction,” incoming White House spokesman Robert Gibbs said. “That service should not be tarnished by honest mistakes, which, upon learning of them, he quickly addressed.”

Geithner failed to pay self-employment taxes for money he earned while working for the International Monetary Fund from 2001 to 2003, the transition official said. In 2006, the IRS notified him that he owed $14,847 in self-employment taxes and $2,383 in penalties from 2003 and 2004.

Transition officials discovered last fall that Geithner also had not paid the taxes in 2001 or 2002. He paid $25,970 in taxes and interest for those years several days before Obama announced his nomination, the transition official said.

Of course a bigger problem is that he "oversaw" (or more correctly, didn't) CitiGroup go into the toilet. The NY Fed was supposed to be in charge of the oversight. Not good.

http://hotair.com/archives/2009/01/14/obama-treasury-nominee-oversaw-citigroups-descent-into-the-toilet/