Nov 22nd 2008 | WASHINGTON, DC From Economist.com STOCKMARKETS soared on Friday November 21st when investors learned that Barack Obama would nominate Timothy Geithner as his Treasury Secretary. That might seem odd. The Federal Reserve Bank of New York president was already a favourite for the post. And he brings no magical solution to the … More “Mr. Obama is assembling a formidable economic team.”
Nov 22nd 2008 | WASHINGTON, DC From Economist.com STOCKMARKETS soared on Friday November 21st when investors learned that Barack Obama would nominate Timothy Geithner as his Treasury Secretary. That might seem odd. The Federal Reserve Bank of New York president was already a favourite for the post. And he brings no magical solution to the … More "Mr. Obama is assembling a formidable economic team."
WASHINGTON — U.S. Sen. Jim Inhofe said Saturday that Congress was not told the truth about the bailout of the nation’s financial system and should take back what is left of the $700 billion “blank check” it gave the Bush administration. “It is just outrageous that the American people don’t know that Congress doesn’t know … More Paulson needs to be stripped of not only his power and the rest of the bailout money, but he needs to get FIRED, right NOW! Then, prosecution should follow.
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