Geithner Says He Can Fire Bank CEOs

Secretary Geithner has been late to every party he has attended since talking over Treasury. His plans have often been tardy and full of holes. He seemed to redeem himself with the new public/private program to buy toxic assets from banks. It does have critics who say it will eventually cost taxpayers and enrich hedge funds, but those concerns appear to be subordinate to fixing the big financial firms.

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Stocks mentioned: Citi (NYSE: C), Bank of America (NYSE: BAC), GM (NYSE: GM).

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