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Even Tim Geithner Can't Sell His House
BySelling your bank bailout plan to Wall Street is one thing. Selling your house in this market is quite another. And via CNN Money we find something that will make Republicans chortle and regular Americans nod with jaded familiarity. Treasury Secretary Timothy Geithner has been reduced to renting his tony suburban New York home, because nobody in the world will buy it from him.
I'm not too concerned though. If anybody knows what to do with unsellable assets, it's Geithner. Time for a public-private partnership for New York real estate!* Brace yourselves, Weschester County.
*With bonus compensation caps for real estate agents.
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