Wall Street Reacts to Geithner's Plan

Thin on the Details

(Fox News) - Treasury Secretary Timothy Geithner has received tepid reviews for his plan to loosen credit markets with the second half of the financial bailout money. Market professionals worry that lack of enthusiasm from Wall Street could complicate winning public opinion and market confidence.

Lynn Tilton, the CEO of Patriarch Partners — a private equity firm — tells the Washington Times, "Everybody thought there was going to be an actual plan everyone could jump on. But then we didn't get details. (Geithner) was so bad, I actually felt sorry for him."

And Bert Ely — a longtime banking analyst — also tells the Washington Times, "I think everybody is really scratching their heads and asking what happened? And now they've really put themselves behind the eight ball."