Tim Geithner - not ready for prime time

Yes, that Tim Geithner (pictured). The tax cheat given the Treasury Secretary cabinet post by Barack Obama.

A Time Magazine report at the link below is titled, Geithner Tries to Resell the Bank Plan — and Himself.

It's ugly, but it's true: when a Washington power player looks set to fall, the capital drools.

So Treasury Secretary Timothy Geithner found himself the object of intense interest when he went before the House Ways and Means Committee to testify on Tuesday.

It was his first major public appearance since his less than inspiring rollout on Feb. 10 of a half-baked plan to save banks that left Washington and Wall Street whispering that Geithner, 47, wasn’t ready for prime time.

Mr. Obama told Geithner, “Let's get this right. Let's create a template in which we're restoring market confidence.”

So how did Geithner do?

To judge by the stock market, which dropped 4% in the wake of his Feb. 10 speech and has largely stayed on its downward trajectory since then.

They are probably right - Geithner may not ready for prime time.

Link