Late Change in Course Hobbled Rollout of Geithner's Bank Plan

Washington Post by NEil Irwin Binyamin Appelbaum | Feb. 16, 2009 (News Report)

Just days before Treasury Secretary Timothy F. Geithner was scheduled to lay out his much-anticipated plan to deal with the toxic assets imperiling the financial system, he and his team made a sudden about-face. Full Story »

Posted by Peter L. Combs

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Peter L. Combs
3.8
 by Peter L. Combs - Feb. 16, 2009

A well written report on what happend to Mr. Geithner and his failed public explanation of the Wall Street bailout. Provides some history on his first bailout written with Mr. Paulson, how they scaled back this time off the original plan shortly before the announcment. A good read for perspective.

Its fairly obvious Mr. Geithner is way out of his leaque, the stock markeet voted last week as we all know. I have no doubt he did his best, but....alas.

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