Timothy Geithner…”Bombs”
The Bear on Feb 12 2009 at 9:27 am | Filed under: Economy
The Wall Street Journal - Geithner at the Improv
Judging by the hissing in financial markets, Treasury Secretary Timothy Geithner’s opening act as Rescuer in Chief yesterday was a bomb.
Bloomberg.com – Geithner Can’t Find Gun, Let Alone Silver Bullet’
That’s it? That’s all Geithner had to offer? It is amazing that this far into the financial crisis, we are still stumbling along, still so reluctant to tackle the problems facing the financial system and the economy.
The Financial Times - Proposal long on scale but short on detail
The financial rescue plan set out on Tuesday by Tim Geithner, US Treasury secretary, establishes an expansive framework for fighting the credit crisis, but one that lacks key details.
SideBear: We could have continued with plenty more stories about the new bailout plan, but after a while they all become fairly redundant. Details are few and far between, which left Wall Street wondering why they had to wait so long for this announcement.
Here is my impression of Geithner’s solution to the problem…
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