“If Geithner does not get approved, then the market will have a big sell off and bonds will rally,” said Tom Sowanick, chief investment officer for $22 billion in assets at Clearbrook Financial LLC in Princeton in New Jersey.
via Wall Street cuts gains during Geithner hearing | Reuters.
I don’t see any reason why he should be approved. He is one of the people responsible for getting us into this mess in the first place. He’s a tax cheat. No reason to have him as Treasury Secretary.
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