Treasury Sec nominee Timothy Geithner went before a Senate panel today. Geithner has the backing of Paul Volcker, Geithner is also the president of the New York Federal Reserve Bank. He gave out limited information on Obama's financial bail out plan and there's nothing new yet including the idea of setting up a "bad" bank to buy up bad debt, but we already know this.
Reuters: Stocks extend gains on IBM and banks
IBM...gave a solid forecast, while financials rallied a day after a steep slide.
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