President-elect Barack Obama

Treasury Secretary Tim Geithner

Exceptional choice.

But I'm sure we'll find something weird to gripe about.

UPDATE: The Dow is up almost 500 points on this news.

NEW YORK (Reuters) - Stocks rallied late on Friday after multiple news reports that New York Federal Reserve President Timothy Geithner will be nominated as President-elect Barack Obama's Treasury secretary.

The "Obama Recession" in action!