After a week of distractions with politicians fighting each other to look more outraged than the other in regards to the AIG bonuses, we finally can move on to the real problem: toxic assets.
Secretary Tim Geithner, who I thought was going to do a good job, finally showed some signs of that today. He has finally proposed a plan to purchase the toxic assets that led to the economic downturn. He is getting private investors involved and I applaud the outreach. While I don’t know if this plan is the answer for the economy, it’s nice to see that the Obama Administration finally has a plan in place 4 months after being elected.
