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Article: ON BUSINESS; Geithner goes from goat to golden boy; The toxic-asset plan the embattled Treasury secretary put forth has folks thinking that maybe the U.S. economy is headed north again.(BUSINESS)(NEAL ST. ANTHONY)
- Article from:
- Star Tribune (Minneapolis, MN)
- Article date:
- March 24, 2009
- Author:
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Byline: NEAL ST. ANTHONY; STAFF WRITER
Talk about March Madness.
Treasury Secretary Tim Geithner, the economic goat of the two-month-old Obama administration, released details of his toxic-asset plan and promptly turned golden boy -- at least for the day.
He can't claim as definitive a win as the Gopher women hoopsters did Sunday against Notre Dame. Still, Geithner and the market had a good day. The Standard & Poor's 500 index of America's biggest companies, led by financial stocks, rose 7 percent on Geithner's government-assisted plan for private investors to buy hundreds of billions of discounted housing bonds and other distressed assets from ...