The long awaited Financial Stability Plan was presented by Secretary of the Treasury, Timothy Geithner today and clearly fell short of market expectations. Eerily reminiscent of the Wendy's commercials of a previous decade the market is asking where's the beef.
On a day that the market chose to look past the news of the Senate passage of an $838 Billion economic stimulus package and focus on comments from the Treasury Secretary, the market fell precipitously as it debated the broad strokes presented by Geithner.
You may read more about the Financial Stability Plan and the market's reaction to Secretary Geithner's presentation at http://www.ceo4aday.wordpress.com/.
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