"You know what the news is-- in a minute, you're going to hear the rest of the story"- Paul Harvey

Yes, Geithner is wet behind the ears. Fortunately, those behind the scenes, telling him what to do are not.

Take Paul (The Hatchet Man) Volker for example. This guy basically left the nursing home (he's 81 years old) to help unscrew the current economic situation that we're in. This guy is a " Hatchet Man", and was responsible for jacking up interest rates to 20% in 1981 after stagflation crisis of the 1970s.

Volker has close ties to David Rockefeller, a relationship that was built while and economist (1957), and later a director and vice president (1965) at Chase Manhattan Bank.

Geithner's delivery was clearly a disappointment. The "button pushers" on Wall Street were clearly tanking the market at will. No, these were not mutual funds, pension funds, and small investors selling at once. It was the button pushers.

I have written about the button pushers in the past, so click here to read.

Today, the executives of major banks are testifying in Washington. The politicians better be nice since the banks testifying contributed around $1.8 million to various campaigns.

Our fearless leaders in Washington are reportedly close to agreeing on a stimulus bill that is smaller than both plans that passed through the House and Senate.

Research In Motion, the maker of the BlackBerry, was down 9.55 to 47.45 after warning that profits will come in at the low end of expectations.

Bank of America was trading higher after CEO Ken Lewis said that the company intends to pay back the sucker money as quickly as possible.