The rally saved Geithner


As positive sentiment continues to build about the U.S. Treasury Department's toxic asset removal program, the latest chatter points to Treasury Secretary Timothy Geithner now being safe in his job, with this star rising inside the beltway.

The general sense is that Geithner was on the edge of losing his authority if not his position, particularly given the poor reviews for his earlier plan, which were seen as light on details in both Washington and on Wall Street. That led some Washington insiders, and of course a few economic conservatives and Republicans, to call for Geithner to resign.