Geithner - Too late or Too Smart -Only time will tell.

[benld74]

If you read the Roubini op ed in the NY times it would seem what Geithner is attempting is all too futile and too late to avert an L shaped very long period of recession.

http://www.nytimes.com/2009/03/01/opinion/01roubini.html?_r=1

But on the other hand, there MAY be things the administation ALREADY knows AND is not telling everyone because we would be afraid of fear itself. Geithner MAY be playing his cards close to vest and ALLOWING the markets to do what they would naturally do.

http://www.businessinsider.com/geithner-crazy-like-a-fox-2009-2


BUT the REAL bottom line is IF the administation's plans ARE NOT followed through THEN Obama's promises to the middle class will be held as lies by everyone on both sides.

[backscatter712]

1. I'm suspecting that Geithner's current public actions...

are just the obligatory waving of a dead chicken because it's already too late for low-level tinkering to fix things.

The real action is being planned strictly behind closed doors - nationalization of the banks, you know, the kind of action that if talked about publicly, would cause the financial markets to go into maximum panic mode.