Timothy Geithner, the brand new Treasury secretary, was panned last week for how he unveiled the Obama administration\u2019s plan to rescue the financial system from the bankers who broke it.<\/p>\n
Mr. Geithner was not especially articulate, his critics said, and he provided only an outline of an outline, not the detailed blueprint people anticipated and wanted.<\/p>\n
To a degree, one of Mr. Geithner\u2019s biggest problems was not of his own making. His boss, President Obama, had fanned expectations for his debut as Mr. Fix-It, leaving the impression that it would be boffo. It wasn\u2019t.<\/p>\n
Why is anyone surprised that Mr. Geithner\u2019s Financial Stability Plan lacked details? We are still in sugar-coating mode \u201d\u201d yes, we have a problem, government officials contend. But they can handle it. Don\u2019t you sweat the details, dear taxpayers.<\/p>\n