Industry NewsMarkets & Economy

Treasury launches Normandy-like bank rescue

Commentary: 'Time is not on our side,' but this is best bet yet
Published on Feb 13, 2009

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by CareyBot

Tim Geithner's inaugural speech fell flatter than an egg in Kansas, but the problem lies in the audience, not in the speaker or the content.

The gripes were unanimous, if varied: Geithner was part of the problem and can't be the solution -- no details, no plan at all, no engagement with the crisis, the Obama administration is all dance and no delivery, the White House never should have allowed high expectations for the speech ... on and on -- and that was from the Democrats.