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The Geithner pick is disappointing. Obama wanted Volcker as his first choice, but Volcker declined.
Luckily, Volcker is the head of Obama’s Economic Recovery Advisory Board:
http://www.marketwatch.com/news/story/beyond-obama—-watch-inner/story.aspx?guid={52C04A66-B335-4EEC-8A66-6985E8FDB3E4}&dist=google
Hopefully Volcker will hold more sway in Obama’s administration than Geithner.