Last night, Obama didn’t want to “take the spotlight” from Geitner. Well Mr. Tax Cheat just unveiled his much anticipated plan and the markets do not like it. Gee, you’d think the markets would be going through the roof this morning. If Obama’s B.S. speech, the stimulus bill and the “new” bank rescue plan are so great, why aren’t the markets reacting positively? They are down, down, down.
As soon as Geitner mentioned they would be consulting with Barney Frank the market dropped another 30 points!