SUB-ROSA NEWS

Some of the News
That may be True

                                           GEITHNER TO EMBARK ON SPEAKING TOUR

                                                  Groundswell of Support Expected

President Obama is sending Treasury Secretary Tim Geithner on a nationwide speaking tour to explain the bank bailout plan carefully crafted by Geithner and his team of experts. While there were some doubters, most who heard his initial speech on the Plan were impressed by the way he brought light and understanding to the immense detail that he had to present.

Just as the President has gone to the country to give the public confidence in his stimulus plan, Mr. Geithner will be seeking citizen support for his Plan. It has not yet been decided whether to adopt the town hall style used by the President or to make a series of riveting speeches that will raise the level of enthusiasm for the Plan.

In any event, it is expected that Secretary Geithner's tour will not only drum up additional grass roots support, but will also serve to entice private investors to join the government in acquiring some of the assets of the banks.


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Cabinet Diary 2 - Secretary of the Treasury (with poll)

It's time to continue our look at the Cabinet in the upcoming Obama administration. Second - Secretary of the Treasury, perhaps the most important appointment President-elect Obama will make, given the current economic circumstances.

There are several excellent options - some who served in the Clinton Administration - some outsiders - and even some paradigm breaking choices. For convenience, I've taken the list from a betting site (yes, it is in the order of the oddsmakers' favorite).

There were Republicans on the list, and I've left out the "I don't believe it" names still on the betting lines such as Phil Gramm and Bob Zoellick. There's also some chatter about keeping Paulson on, temporarily to administer the bailout. So as distasteful as it seems, I kept his name on the list.

Perhaps one key criteria (which you're free to throw to the side of the road) is whether the candidate would inspire confidence in the markets.

(X posted at OpenLeft - will X post at DK, as soon as the clock allows me to post another diary there)

There's more...


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