America’s 75th Treasury Secretary Timothy Geithner spelled out some good stuff today in his first Press Conference. But left out the Details of a complex Economic Recovery program leaving Wall Street and all Markets on a downward spiral. A spiral that ended with the Dow down nearly 400 points. Geithner began his news conference painting the bleakest picture of America’s economic woes one could say. He continued this harsh portrait of America throughout his conference. The More Secretary Geithner spoke the less we knew, the more questions we had.
Perhaps his News conference would have enlightened more and inspired the Marketplace had he not been so seemingly or should I say (Transparently) over exaggerated of America’s Recession. Then made it clear at the end of his News Conference that it’s the Wolves guarding the Henhouse (Chris Dodd and Barney Frank)….that makes us leery of these new proposed policies…and more so of those not proposed yet. I’m Dr. Quack with the harsh cry of reason…21009
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