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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: James Hutton who wrote (166165)11/21/2008 4:19:24 PM
From: energyplayRead Replies (1) | Respond to of 306849
 
Why market likes Tim G.-

Younger and more energetic. He exercises, and is a runner.
(Paulson was going " uh, uh, uh,"trying to find words in a press Q & A last week, and did not look good.)
Has been warning about derivatives issue for a long time.
Experience with previous bailouts.
Knows all the key people.
Actually understands what is happening and why.
Did not help create the problem by requesting higher leverage limits like Hank Paulson did 7 years ago.

>>Also, many spokespeople in the market have been lined up to say nice things about him. The media seems to have been told to be nice. This becomes a self fullfilling expectation.<<



To: James Hutton who wrote (166165)11/21/2008 4:44:04 PM
From: CalculatedRiskRead Replies (2) | Respond to of 306849
 
I think the economy will like him because I think he will do a good job.

I know several people who know him and they all say the same thing - he is smart, thoughtful and effective. Exactly what we need right now.

BTW, Brad Setser at Follow the Money worked for Geithner at both the IMF and the Treasury. I wouldn't be surprised if he joins Geithner at Treasury again ... I'm trying to find out.

blogs.cfr.org