Tuesday, March 10, 2009

In Which Turbo-Tax Timmay Tries Learning Econ 101

The New York Post reports: FOR SALE SIGN AT GEITHNER'S.

He's been tapped to lead the country through a massive financial crisis, but Timothy Geithner will be lucky to break even on the sale of his own New York house.

The newly minted treasury secretary and his wife, Carole, have put their five-bedroom, 4.5-bathroom West chester home on the market for $1.635 million - just a tad north of the $1.602 million they paid for it in 2004.

The Geithners want to unload the stately Larchmont Tudor and move to Washington.


The time to sell is when everyone wants to buy not after the fact.

Oh, and you lower the price until it sells.

Louche-y McDouche is gonna learn some basic lessons in finance.

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