Geithner: Can live with market disappointment over bank plan

Discussion in 'Wall St. News' started by ASusilovic, Feb 11, 2009.

  1. WASHINGTON (MarketWatch) -- Treasury Secretary Timothy Geithner said Wednesday that he could live with market disappointment over the new bank rescue plan because rushing out details would have been worse. The stock market fell sharply on Tuesday after Geithner gave a speech outlining the new plan. Experts said investors was disappointed with the lack of detail in the Treasury plan. Geithner said that it would have been wrong to rush out details before they were ready. "If that means there is going to be disappointment with the level of details until we get it right, I will live with that disappointment," Geithner said in testimony to the Senate Budget Committee}&dist=hplatest

    Where is my sell button ?:confused:

  2. That's the D button, for Depression.