Replies to post #208 on KBW Nasdaq Bank Index (BKX)

[*~1Best~*]

Obviously, markets are using Obama and Geithner as manipulation toys as market reaction has shown.


~~~

Geithner unveils new bank rescue plan
At long last, the Treasury Secretary has announced how the Obama administration will try to stabilize the financial sector.
Colin Barr, senior writer
Last Updated: February 10, 2009: 11:46 AM ET

NEW YORK (Fortune) -- Treasury Secretary Tim Geithner sketched out the broad strokes of the latest government attempt to stabilize the financial sector Tuesday morning.

Speaking in the Cash Room at the Treasury Department in Washington, D.C., Geithner introduced a four-point plan that aims to restart the flow of credit to businesses and consumers.