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Wednesday, April 7, 2010 as of 11:14 AM ET

The Casone Exchange
  • November 22, 2009 02:52 PM UTC by Cheryl Casone

    Best Guess: Tim Geithner Edition

    I find myself surprised that we are once again hearing the calls for Treasury Secretary Geithner should resign.  I found myself on the air Friday afternoon reminding viewers that the majority of the government programs that we have now came from the financial meltdown of one year ago.  Then Secretary Paulson and Fed Chief Ben Bernanke were the dynamic duo in charge of securing the financial system.  I believe propping up AIG was the right decision at the time.  I believe banks were under assault, and there was no playbook made to guide the Administration.

    And here we are today.  Should we have bailed out the automakers? Why did we help GM and Chrysler but not Ford? Shouldn’t smaller banks that cannot survive be allowed to fail? The debate continues, and below we weigh in on whether or not Tim Geithner should go.

    CC

    TOM SULLIVAN: With unemployment above ten percent and no sign of going down in the Spring, Tim Geithner will be out of a job by next summer. 

    SANDRA SMITH:  My Black Friday best guess is there will be more foot traffic in major retail chains and stores, but sales will be flat year over year.

    RUSSELL PEARLMAN:  The markets tread water through the rest of the year.  After the new year numbers will head higher again.

    STUART VARNEY:  In the future the lower dollar will be a danger signal for stocks.

jay

Look at the facts. 1. Money is too tight for businesses to do anything but hang on. This means no new jobs and further lost jobs. 2. Government is focused on saving the broke, unions and the uninsured not anything that will create growth. More job losses. 3. Housing is stabilizing because of the prices and cheap mortgage rates, this is the start of a slow recovery. 4. Due to tight money the banks are going to kill off their own customers causing their own demise. No loans, more bad news.

November 22, 2009 at 11:37 pm

about this blog

  • Cheryl Casone joined FOX Business Network (FBN) in September 2007 as an anchor. Prior to FBN, Casone served as a correspondent for FOX News Channel’s (FNC) business unit and was a regular guest on FNC’s Your World with Neil Cavuto. Casone brings years of experience covering finance, business, and consumer news to FBN.

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