November 21, 2008
Timothy Geithner Named Treasury Secretary
The moderate picks keep coming from Obama. I don't know much about Timothy Geithner, but I know my stock portfolio likes him:
U.S. stocks rallied and the Standard & Poor’s 500 Index rebounded from an 11-year low after President-elect Barack Obama picked New York Federal Reserve Bank chief Timothy Geithner to head the Treasury....Good pick Obama. Now let's see what you do in Iraq.The S&P 500, which capped a third-straight weekly decline, gained 6.3 percent to 800.01. The Dow Jones Industrial Average rose 494.37 points, or 6.6 percent, to 8,046.66, while the Nasdaq Composite Index added 5.2 percent to 1,384.35. Almost five stocks gained for each that fell on the New York Stock Exchange.
Update: Uh-oh, he worked for the CFR and Kissinger's firm. Let the Pentavarate conspiracies begin!
By Rusty at November 21, 2008 05:07 PM | | l digg this
