Hmmmm... with half-lidded smirk. So who, or what, is Mr. Geitner ..exactly. "Exactly" may never be known. Mr. Geitner, according to some,is best simulated as something sloozing from under yon rock.
PerchedEye sees the whole matter as a truth revealed: Wall Street's nature is to smell the easiest path to the money...screw elegant, long lifed systems approaches. "Give me the $, now and let's get with it."
The point? Geitner's toxic asset purchase plan, the Public-Private Investment Program (PPIP), will probably work since it promises a most juicy bait to attract Wall Street to end its hibernation and come forth for spring feeding.
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