Reports from multiple media outlets are that New York Federal Reserve Bank President Timothy Geithner will be nominated to be Obama's Treasury Secretary.
http://online.wsj.com/article/SB122729804822648663.html
http://www.bloomberg.com/apps/news?pid=20601087&sid=aNjuf7YTw6Ys&refer=home
http://firstread.msnbc.msn.com/archive/2008/11/21/1685124.aspx
Geithner is a a solid pick for the job. He has the experience including his time at Kissinger Associates, earlier assignments at Treasury (in three administrations) and also as head of the New York Fed, and he has personal experience in handling the current crisis as he has been working closely with Hank Paulson.
The first sign that this was a good pick came from the stock market itself, which rallied (+300 points) after the news to cap off a bad week with a positive gain (+494) on the day.
Listen to Geithner in his own words on financial reform and regulation:
http://www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache/vpktqsmzfunA.asf
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