Administration Can't Stop Market Plunge

Treasury Secretary Tim Geithner failed Tuesday to persuade Wall Street that he will succeed where his predecessor Henry Paulson failed. Geithner outlined the administration's plan to restart frozen credit markets and bolster the health of troubled banks. He said the economy will recover from its swoon only with the help of healthy financial institutions.

I agree that the economy will only recover with the felp of healthy financial institutions. I just don't believe there is anything Geithner, or anyone else in Washington, can (or should) do to speed up the recovery of those institutions.