Geithner to be Secretary of Treasury

[Ted King]

Stizzealth wrote:
While the market rebound is certainly good news, it's important to note that the markets hate uncertainty. Any pick was a good pick at this point in time.

I imagine you didn't mean that too literally. I mean, if Obama had chosen John McCain to be Treasury Secretary (in the spirit of bringing former opponents into the fold) I don't think the market would have responded positively even though it would have gotten rid of the uncertainty of who the secretary would be. It seems fairly evident that "the market" saw the choice as a genuinely reasonably good choice and was not simply reacting to being no longer unsettled because it didn't know who was going to be the new secretary.

Edit: Oops, I missed Gutenberg's comment about Frank and Sarbanes. Essentially, I'm just making the same point - I just chose I more implausible candidate for secretary to make the point.