a piviotal job in barack obama’s new administration was announced late on friday. well, early enough to watch the market react, but late enough (if taken badly) not to cause real damage.
geithner who is white, or appears to be, like obama has lived outside of the u.s. and may bring much needed international knowledge to the table.
how is the press covering the story. the wall street journal seems pleased. despite geithner’s relatively young age (47), he’s the president of the new york fed and worked with the IMF for 2 years according to wikipedia.