If Tim Geithner, the New York Fed chairman, gets a top spot in the Barack Obama’s cabinet, we are done, finished, kaput. It is that simple. . . .
[T]he New York Fed was responsible for regulating the banks gone wild. Geithner was in charge of that regulation. He should be facing a Senate investigation for his action, not a Senate confirmation panel. . . .
The fact that the key architect of what went wrong is going to be the financial czar is enough alone to reaffirm my view that the stock market will be a treacherous place for the next five years.