November 21, 2008

It's Geithner. We hope.

PhotobucketThe rumor floating around is that President-Elect Obama has chosen NY Fed President Timothy Geithner to be Secretary of the Treasury. We, like the market, could not be happier.

Well, we could but it would take Bob Rubin to do that. While he may not have been the staunchest of supporters for regulation, his focus on fiscal responsibility was perfect. And he's come around on regulation, too. However, since he decided he'd had enough, we're pleased Geithner will be picked as opposed to Larry Summers.

Posted by mcblogger at November 21, 2008 03:12 PM

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