Earlier in the day Marketwatch reported that Geithner and Obama flatly rejected the China proposal so what gives?
http://www.marketwatch.com/news/story/Geithner-Bernanke-flatly-reject-China/story.aspx?guid={4F1A0BB1-EF3A-4D99-8DDD-7C6F87E61D4D}
Meanwhile his former collegue Yellen (FRB San Francisco) doesn't seem sure what is working and what to do either.
http://www.marketwatch.com/news/story/Yellen-pledges-no-retreat-policy/story.aspx?guid={B601CC14-9AB6-45B9-AC25-3931B3BC7713}
Hard to believe that they could "orchestrate" anything - but is that the intention?
On the subject of Treasury Secretaries - the ex from Bush's initial administration (Paul O'Neill) resigned his position early after being pushed for speaking out - has this to say on the current situation:
http://www.youtube.com/watch?v=VMajlQZt1BE
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