Yep, I'm hearing the same news.
More of the same ol' crap. Here is a pretty decent rundown on who he is.
Barring last minute changes, the nominee for Treasury Secretary will be NY Fed President Tim Geithner -- a career Treasury official under both Bob Rubin and Larry Summers -- who actually had worked at the Treasury in three administrations under five Secretaries -- going back to 1988.
Geithner has been a key player in the current economic crisis -- helping Treasury Secretary Hank Paulson and his team manage the wall street bailout.

One of his first jobs was at Kissinger Associates, where he worked directly for Henry Kissinger, researching a book.
I guess he was selected and mentored by Henry Kissinger himself back then.