Washington’s latest bailout scheme will rob you blind for years to come. I object! Sometimes the stuff we talk about here is pretty academic. This country is up… that sector is down. Sometimes it’s all about a specific stock idea that you might care to invest in.
President-elect Barack Obama yesterday (Monday) formally unveiled his economic team, including the nomination of New York Federal Reserve Bank President Timothy F. Geithner as the new administration’s U.S. Treasury secretary. The team’s first challenge will be assembling an economic stimulus package that could be even larger than the $700 billion Troubled Asset Relief Program (TARP) the Bush Administration has deployed.