financial system

Treasury Secretary Timothy Geithner told National Public Radio in an interview Tuesday that he strongly believes we are on the road to recovery, but it won't be fast. "We were in a very deep hole," he said, which will take a long time to repair.

In the years ahead, whenever economic conservatives and market absolutists point out the wonders of the market, just mention a popular four-letter word. Actually, this particular word has only three letters: AIG. And the issue is not the bonus controversy -- far from it. While the public voices...