Obama likely to name Geithner Treasury secretary

[defendandprotect]

Source: AP –


The nightmare continues on ---!!!


Obama prepares to name treasury boss
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Digg Facebook Newsvine del.icio.us Reddit StumbleUpon Technorati Yahoo! Bookmarks Print By TIM PARADIS and SARA LEPRO, AP Business Writers Tim Paradis And Sara Lepro, Ap Business Writers – Fri Nov 21, 6:59 pm ET Play Video AP – Obama likely to name Geithner Treasury secretary
Slideshow: Stock Markets Play Video Video: Dow Stabilizing To Close Another Rough Week CBS 2 New York Related Quotes Symbol Price Change
AA 8.44 +1.59
DIS 21.12 +2.39
GPS 12.10 +2.59
MSFT 19.68 +2.15

AP – Chart shows percentage changes in Dow Jones industrial average since mid September; NEW YORK – Wall Street put a stop to a terrifying decline and stormed higher Friday as President-elect Barack Obama appeared ready to tap the chief of the New York Federal Reserve as the next treasury secretary and hand him the herculean task of righting the U.S. financial system.

The Dow Jones industrial average, which had broken even for the day until news of the nomination leaked about an hour before the close, raced upward and finished 494 points higher, a rally of more than 6 1/2 percent.

The outbreak of buying pushed the Dow above 8,000 — a figure that would have seemed like a nightmare three months ago but on Friday was a relief for Americans who have watched their investments and retirement savings drain away with alarming speed.



Read more: http://news.yahoo.com/s/ap/20081121/ap_on_bi_st_ma_re/w...

[EconomicLiberal]

1. What are the freep--- I mean DUers complaining about now?

[defendandprotect]

2. Freeps won't be complaining about this guy ...Wall St loves him--!!!

[elocs]

3. Obama is so stupid--he should let a panel of DUers make all of his appointment decisions.

Then things would be perfect except there are some who are never happy unless they are unhappy and complaining.

[madrchsod]

4. if obama wants him to set obama`s policy then

what the fuck is the problem. every democratic president since kennedy has been better educated or a better politician than any republican.

[47of74]

5. I suppose if Obama's picks do a really great job and the economy gets turned around...

...talking heads like Hannity and that Fat Drug Addict will be calling this "..the Bush recovery" instead of "the Obama recession."

[maddezmom]

6. duplicate topic

http://www.democraticunderground.com/discuss/duboard.ph...