Into The Valley Of Death Rides Timothy Geithner

I'm sure you've heard the news that Timothy Geithner, the President of the New York Fed, has been tapped to be the next Treasury Secretary. The stock market as is its wont celebrated on the receipt of the news. Why is any one's guess. If you know as little about the guy as I then you might find this short post in the WSJ economics blog informative.

As I said, I don't know him and certainly don't have any opinion to offer. I wish him good luck of which he is going to need boatloads. And I wonder what possesses people to leave perfectly wonderful job like the one that Geithner seems to have to move to the cesspool of D.C.

Tom Lindmark