Daily Archives: February 10, 2009

I don’t get it… or maybe I do

The news is all over the place that Geithner’s plan was vague and that it caused the markets to drop. I’m no economist, but I did watch Geithner’s speech and I found it to be quite excellent. Quite excellent for 2 reasons:
1) He was absolutely clear that from now on there will be transparency
2) He was clear that a new priority is to help struggling or failing homeowners
It was time that these priorities were made clear for all to see. Me thinks that investors may be scared at the idea of transparency and those that were sold today, but that’s just my opinion. Continue reading