Editorial: Private investors should be part of recovery plan

The latest program to try to stabilize the ailing financial industry, announced Monday by Treasury Secretary Tim Geithner, is still fundamentally wrong-headed. If the problem was years of overly loose credit offered to marginal borrowers, then the way you get out of it is by taking a rest from overheated and overleveraged credit until various […]

AP source: Richardson likely Commerce pick

The Associated Press WASHINGTON — New Mexico Gov. Bill Richardson had emerged as a likely pick as Commerce Secretary, according to officials. Richardson was a rival of Obama’s for the Democratic presidential nomination last winter. He dropped out after the early contests, though, and soon threw his support behind the eventual winner. It was not […]