Tuesday, February 10, 2009

No Trust

The stock market took a dive today, especially the big banks, on news of Tim Geithner's bailout plan. One analyst put it succinctly:

Geithner was right that they screwed up before," said Simon Johnson, a finance professor at MIT who writes the Baseline Scenario blog covering the financial crisis. "But why should we trust him now?"

That's what I've been asking.

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