Geithner Swings, He Whiffs, You Lose

Does anyone in the Obama Administration know what the hell they’re doing? Are they all morons? After weeks of hype and a one day delay for dramatic effect, Treasury Secretary Tim Geithner stepped up to the plate to deliver a much anticipated explanation of his comprehensive financial-sector rescue package/Financial Stability Plan as to how the Government would stabilize the banking system and, most importantly, how they would deal with the toxic assets festering on banks’ balance sheets, the root of the problem. He whiffed like a six year old T-Ball player facing Nolan Ryan in his prime.

And what came out of his mouth? Well, WE DON”T REALLY HAVE A PLAN is what came out of his mouth. I mean WTF, you hype up a speech promising a comprehensive solution to the banking crisis and then you come out and basically say that you have no idea what to do? Needless to say, the markets were shocked, confused, annoyed, and definitely not happy. The DOW dropped 200 while Geithner was talking nonsense and right now is hovering around down 400. Congratulations Tim, you single-handedly wiped out billions of dollars of shareholder equity with one asinine half hour speech. If you had any decency, you’d resign your incompetent, tax cheating ass right now.

See also:
US Stocks Slide As Geithner Unveils Bank Plan; DJIA Off 208
Street Sours On Geithner Outline
Stock markets plunge after US bank plan announced
European markets fall on skepticism about U.S. financial plan
Bank stocks retreat on Treasury plan
Geithner plan wide in scope, short on detail
Geithner: From Indispensable to Indecipherable

/you should have listened to your mother Tim, if you don’t have anything good to say, don’t say anything at all!