Paulson on Geithner: He's the Tops

Treasury Secretary Hank Paulson just released an endorsement of the nomination of New York Fed President Tim Geithner to succeed Paulson at Treasury. Depending on how you think Paulson has performed over the past few months, the endorsement is either a good thing or a bad thing.

Paulson said:

"I have the highest regard for Tim -- his judgment and creativity have been critical to designing and implementing the necessary actions we've taken to protect and strengthen our financial system. I have great confidence in his understanding of markets, his judgment and leadership, and his ability to meet the challenges that lie ahead."

-- Frank Ahrens

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