… that my posts are dominated by economic topics. Perhaps justified by the fact that the current state of economy is the biggest story in generations, and affecting generations to come. More from the wire … just in … so disappointing:
The early verdict on the Geithner plan: Too little, too little.
Markets are down, having had an adverse reaction to Treasury Secretary Tim Geithner’s presentation detailing the Obama Administration’s plan to pull the financial system out of its current morass, which many say is still too light on specifics. Certain facets of the plan resemble those that were entertained in the previous administration — with the exception of a stress-testing mechanism to determine which financial firms need assistance.
“Not doing anything is the worst option,” Dan Cook, senior market analyst at IG Markets. “Until there’s a firm plan in place it still seems like a lot of talk.”