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March 30, 2009 at 08:00 PM
After week in which he testified before Congress and released details on the “bad bank” plan , Treasury Secretary Geithner waltzed through several Sunday morning talk shows (for video of his appearances, see “This Week,” followed by “Meet the Press” ) where he defended the government’s actions to resolve the financial crisis yet suggested there may be worse to come–and said there was “roughly” $135 billion in uncommitted TARP funds (see Melanie Waddell’s story on his testimony here ).
Last week was a good one for the markets, spurred by the bank plan, while the S&P 500 has risen 20.6% from its 12-year low on March 9 through the end of last week. As for market movers this week, when the month and first quarter ends, the automakers’ bailout tops the list, followed by the G20 meeting. There are two consumer confidence surveys due out on Tuesday, March 31 (Conference Board and ABC/Wash Post ), along with the January S&P Case-Shiller Home Price Index; Nuveen announces earnings that day as well. The Senate Finance Committee holds a TARP hearing on the 31st, too.
