Gary Poster, with essential assists from Galyn Norwood, Phiroon Phihakendr, Jose Quijada, Pavandeep Kalra. In these good times, one treasury secretary is pretty much as good as another, investors conclude.
Russian stocks take another dive.
Tech roll continues. Treasury Secretary Robert Rubin, who played Scottie Pippen to Alan Greenspan's Michael Jordan, finally announced his resignation. Deputy Treasury Secretary Lawrence Summers, if he can withstand any curveballs the GOP tosses him during confirmation hearings, will take the helm. Markets ultimately closed flat today despite some of the typical seesawing we've been seeing lately. But while they'll be fine dining at Elaine's, the pair might want to stay the heck away from Indonesia, where the currency devaluation plan Rubin suggested to the International Monetary Fund all but wiped out the middle class of the world's fifth most populous nation.