After NBC News announced that President-elect Barack Obama would tap Timothy Geithner, Federal Reserve Bank of New York president, as his pick for treasury secretary, not only did stocks light up, so too did the blogosphere. Below are collection of some of the posts from around the Web:
While The Wall Street Journal ran a short take announcing the news, the paper's Real Time Economics blog was ready for the announcement by offering a lengthy biography of the possible treasury secretary, and a separate post of notable quotes.
Politico offered a rather approving post about the pick, noting that Geithner had called for more oversight of some of the financial instruments that are blamed for the credit crisis.
The Huffington Post offers a look inside the Obama camp on why the Geithner news was leaked, and it may in fact have nothing to do with moving the markets, and more to do with politics.
Clusterstock provides a few factoids about Geithner, including he's an avid fly fisherman.
Portfolio notes that its readers had predicted Obama would tap Geithner over former Clinton Treasury Secretary Larry Summers.
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