Next Treasury Secretary: NY Fed's Tim Geithner - FOXBusiness.com Then again, Geithner might be a tough sell as representing change from the status quo as he was intimately involved in a number of controversial decisions, including the decision to allow Lehman Brothers to become the largest bankruptcy filing in U.S. history, a move thought to have worsened the credit crisis. Geithner is also tied to the hotly-debated decision to give AIG an emergency loan and helped orchestrate the firesale of Bear Stearns to JPMorgan Chase (JPM) last March.
Wallstreet seens to like him a lot...up 494 yesterday after word leaked Geithner is going to be Obama's choice for Treasury Secretary. The Associated Press: Dow up 494 as Obama prepares to name treasury boss If he's not the guy...somebody's got some explaining to do to the SEC.
Thank you OBAMA-- stellar economic team w/Geithner and Summers.. the mark of a good President is the company he keeps. So far so good, in my eyes.
We got to get a handle of the foreclosures quickly. With people losing there jobs, more then ever houses are going into foreclosure, impacting so many people, along with tax revenues.
