Obama taps Tim Geithner As Treasury Secretary

I think Obama made the right choice, albeit about 2 weeks late.

Tim Geithner has the credentials for this job. He is the solid and pragmatic choice here. Geithner was a U.S. Treasury Department official under both Bob Rubin and Larry Summers and has been with Treasury since 1988. Geithner has helped current Treasury Secretary Hank Paulson and his team manage the ongoing Wall Street bailout so this isn't throwing an outsider into the most important role in government at the most important time. We already see that his appointment is bringing some relief to the markets.

By contrast, Bill Richardson is a terrible choice for Secretary of Commerce, and Hillary will be a disaster as Secretary of State.