Wall Street Doesn't Buy It: "This is the Shock and Ugh Plan."

by Benjamin Domenech on 2:24 am February 11, 2009

The Market doesn’t buy Geithner’s plan, not one bit. Breakdown: Politics played a huge role in the decisionmaking, and after deciding not to consult with the outgoing Paulson team, the “Obama team spent weeks wrestling with many of the same issues that bedeviled Mr. Paulson’s efforts, including how to deal with bad assets.”

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