Now that Washington D.C. is coping with the ‘Obama Hangover’ this morning the question now is ‘what will the Obama administration do’? I guess we have no choice but to wait and see.
What am I happy about this morning? – Hank Paulson is gone!
What am I unhappy about? – That he will be replaced by ‘another Wall Street insider’. I am disappointed that Tim Geithner was chosen as Paulson’s replacement. He worked side by side with Hank Paulson over the past several years and I’m afraid that he is ‘too cozy’ with Wall Street to make objective decisions.
Why is it that people think expereince is so important? Tim Geithner has experience alright, the same experience that contributed to this disaster. How about someone with NO experience whatsoever with Wall Street running the nations Treasury? THAT would make me happy.
S&P 500 futures are still below resistance at 820 at this time. Too many unknowns to gauge how today will wind up.
Recent Posts:
- It’s Not a Bailout – It’s An Intervention
- Headed Off To College This Year And Got A Student Loan? Sallie Mae Thanks You!
- ECRI Leading Economic Indicator Drops – Again
- August Unemployment Figures and Non Manufacturing ISM
- Economic Data and Earnings Schedule for September 3 2010
- Taxpayers to the Rescue of Afghanistan Banking Crisis?
Chuck, couldn’t agree more: an outsider is EXACTLY who we need, someone who actually does not want the job nor covet the power that comes w/ it. Aargh! common sense is a burden at times!
Chuck, out of interest why do you call the Fed the Nation’s treasury? In what way does that Fed belong to the United States? Thx.