Open House

I remember way back then when everything was true and when
We would have such a very good time such a fine time
Such a happy time
--Madness

Speaking of Tim Geithner, he's still trying to sell his NY home that's been listed since early Feb. It's a 5 BR tudor built in 1931. In 2004 he and his wife paid $1,602,000. After a recent $60K price cut, current asking price is $1,575,000.

Records show the Geithners have two loans totalling $1.25 million, and they pay $27K/yr in prop taxes.

Looks like our Treasury Secretary grasps the concept of leverage. Hopefully he doesn't accrue first-hand experience in the meaning of 'upside down' as well.