Special to CNN
The man who was a symbol of Barack Obama's moderation might become a symbol of the new president's struggle with competence.
Tim Geithner, who was once hailed as the kind of guy who understood Wall Street, is now the Obama administration's version of "Brownie" (as in "Brownie, you're doing a heck of a job.").
At the mere word of Mr. Geithner's nomination as treasury secretary back in November, the market jumped close to 500 points. He was hailed by market insiders as a "fantastic choice," "highly-skilled and pragmatic." He was even praised by his Bush administration predecessor, Hank Paulson, who said, "I have great confidence in his understanding of markets, his judgment and leadership, and his ability to meet the challenges that lie ahead."
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