From Neil Irwin and Binyamin Appelbaum at the WaPo: Late Change in Course Hobbled Rollout of Geithner's Bank Plan Just days before Treasury Secretary Timothy F. Geithner was scheduled to lay out his much-anticipated plan to deal with the toxic assets imperiling the financial system, he and his team ... Read more

Barney Frank once again is leading the way in a mad rush to do something, even though his track record in such cases is a perfect zero. Please consider Lawmakers Weigh Bad-Bank Plan Top U.S. House and Senate Democrats are taking a wait-and-see approach to the Obama administration's potential plan ... Read more

The appointment of New York Fed President Timothy Geithner - "not Wall Street guy" - as Treasury secretary in the incoming Obama administration is this week's most compelling market mood match.  The announcement, by many accounts, helped send the stock market soaring late in trading ... Read more