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Why Markets Don't Like the Geithner Plan
Markets have reacted negatively to the Geithner plan, with equities falling and the three barometers of risk aversion all worsening -- the yen strengthened, gold rose, and Treasury yields fell. This reflects several broad disappointments with the Obama administration's initial approach to the ...
Treasury Secretary Timothy Geithner will outline a comprehensive plan to restore stability to ...
financialstability.gov — Banner: Financial Stability.gov This site is coming soon. On Tuesday, February 10th, Treasury Secretary Timothy Geithner outlined... a comprehensive plan to restore stability to our financial system. In the address, Secretary Geithner discussed the Obama ... (more) Treasury Secretary Timothy Geithner will outline a ...
Administration Officials Met With Laughter At Bailout Briefing
huffingtonpost.com — Administration officials were greeted with sarcasm and laughter Monday night when they briefed lawmakers and congressional staff... on Treasury Secretary Tim Geithner's new financial-sector bailout project, according to people who were in the room.  ... (more) Administration Officials Met With Laughter At Bailout ...
Stocks Tumble as Bailout Plan Is Unveiled - Market Overview * US * News * Story
cnbc.com — US stocks fell sharply Tuesday in a broad-based decline as the government announced details of its latest... bailout plan. The Dow Jones Industrial Average was down nearly 300 points after Treasury Secretary Tim Geither revealed details of the ... (more) Stocks Tumble as Bailout Plan Is Unveiled - Market ...
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They Really, Really Don't Like It
Opinionator — ... , who was perhaps hoping for a bracing shot of confidence, neat, felt she was served “a cocktail of initiatives using ‘things we haven’t tried before’ … If the Treasury Secretary is not 100 percent confident in his own plan, how could investors be?” A digestible but fairly thorough analysis can be found at The Corner , where the economist David Malpass, the president of Encima Global, cites, among a handful of criticisms, cites the more elusive issue of confidence: The speech did little to build confidence in the outlook for the economy or equities. In his effort to sell the ...

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