November 21, 2008

HECK, HE'S A GEORGE H. W. BUSH HOLDOVER:

Geithner Pick Lifts Stocks (PETER A. MCKAY and MARY PILON, 11/21/08, Wall Street Journal)

Stocks rallied Friday afternoon on reports that President-elect Barack Obama selected New York Federal Reserve chief Timothy Geithner to be Treasury Secretary.

The Dow Jones Industrial Average already traded in a broad range Friday, including both triple-digit gains and losses. But it rallied strongly in the final hour of trading on word of Mr. Obama's plan to name Mr. Geithner to the top post at Treasury.

Posted by Orrin Judd at November 21, 2008 4:40 PM
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