Markets no better after Geithner gets a second chance

Geithner’s sit-down with CNBC did little to calm markets that are clearly irked at having been led to believe that the Treasury would layout a concrete plan to address the banking sector problems. Stocks are still down more than 3.5% and EUR/JPY has been dragged lower as a result.The cross trades at 117.50, down from 119.50.

Next up we get testimony from Ben Bernanke before barney Frank and the House financial services committee.