Tuesday, February 10, 2009

Why Geithner hasn't resigned

Obama's Secretary of the Treasury (and confessed tax cheat) Tim Geithner appears to be staying rather than resigning. Why?

1) The confirmation hearings are brutal and Obama doesn't want to risk another embarrassment.
2) If Geithner were to resign now it would be another shock to Wall Street.

So...once again expediency trumps ethics.

Just my opinion.

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