A -very- long article about Timothy Geithher – who he is, where he came from, the problems that he faces.
It’s important to keep in mind that Bloomberg is not an observer just standing on the sidelines. Bloomberg’s own investment advisor is the guy just named to run the GM/Chrsyler auto bailout project for Tim Geithner, and Bloomberg’s terminals are used by subscribers to access the Treasury’s “temporary” Commerical Paper funding program (and probably other things).
The article mentions a number of times that the Credit Default Swap market needs a marketplace to increase transparency of the risks. I wonder if Bloomberg has any interest in running that?