I’m getting the sense that Geithner is being brought in by the EU to help them avoid the pitfalls that the US experienced when it allowed Lehman to fall into an uncontrolled bankruptcy. No one had a closer look at the fallout than the head of the NY Fed, the post Geithner held at the time and as Treasury secretary in the aftermath, which lasted a full six-moths.
Get all your ducks in a row ahead of time and make sure the market is prepared, would be my advise. The market is prepared at the moment, I would be. I would also bet that the EU is unprepared based on its track record over the last three-plus years…
