2/11/2009

Geithner following Paulson plan that he criticized?

The Washington Post has this:

In rolling out his overhaul of the financial rescue yesterday, Treasury Secretary Timothy F. Geithner lambasted the Bush administration's response to the crisis over the past year.

"Policy was always behind the curve, always chasing the escalating crisis," Geithner said, criticizing his predecessor, Henry M. Paulson Jr. "The emergency actions meant to provide confidence and reassurance too often added to public anxiety and to investor uncertainty."

But yesterday, Geithner seemed to be following the Hank Paulson playbook, according to a wide consensus on Wall Street, in Washington, and beyond. . . . .

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