As banks teeter again, Wall St. looks for answers
Timothy Geithner, Obama's pick for treasury secretary, had few answers as he began confirmation hearings Wednesday. He told lawmakers that two goals were to "get credit flowing again" and overhaul the $700 billion bailout, but he offered few details.
He had plenty of tax answers though, so at least we've got that going for us.
A Comedy of Tax Errors
By the time the hearing ended, the word "mistake" had been used 41 times and "error" another 11 times. And that was no accident.
Tuesday: NY Fed Mfg
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[image: Mortgage Rates] From Matthew Graham at Mortgage News Daily: Mortgage
Rates Fall Back Below 7%
Last Friday was notable in that it was the first day ...
8 hours ago
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