Friday, May 30, 2008
Timothy Geithner, President of the New York Fed, has been praised and blamed for his role in orchestrating the rescue of Bear Stearns. Did his actions avert a major financial disaster or create moral hazard that will lead Wall St. to expect a bailout whenever they're in trouble? The Wall. St. Journal interviews Geithner and walks us through the critical events leading up to the Fed's decision. WSJ, Fed's Fireman On Wall Street Feels Some Heat.