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Tim Geithner's Gift

Who knew Tim Geithner was such a master of market timing? Faced with mounting pressure to put the regulatory vice on the financial industry sooner rather than later, Timmy threw out the end of this year as a target completion date for the regulatory overhaul. His timing couldn't be better. Adjusting for the fact that financial regulation is never timely, TG has likely succeeded in pushing off the signing of potential regulation to the moment when even Nouriel Roubini expects GDP will be growing. At that point, the last thing Timmy or anybody else in the administration will want on their hands is being responsible for knowingly dumping regulatory weed killer on all those green shoots.