Jubak – Giethner’s TARP 2.0 might be OK

I think MSN financial analyst Jim Jubak is being pretty charitable with his interpretation of Geithner’s Know-Nothing performance last Tuesday, but, Jim has had a lot of good takes on our economy the last three years, so maybe I can up my charitable level a couple of degrees myself.

And, Jubak shows that even economics types can tell a funny, too, when talking about bankers’ new version of the N-word:

No one in the Obama administration wants to say that some banks will be nationalized if they fail the stress test, because the term is as emotionally charged as "communist" and "Red Sox fan" are.

Well, that’s understandable, but there are alternate words to use, like “repossession” or something.

That said, part of the issue is going to be transparency. Will Geithner at least partially reveal stress-test results to the general public? Will he at least partially reveal what his “questions” are on the stress test?

Stay tuned.