Recession Briefing: 1.26

What you need to know today to survive and thrive in the recession.

News
Recession Warrior?
Tim Geithner is expected to be confirmed today as Treasury Secretary — and architect of the way out of the downturn. [CNN Money]

The Quitter Economy
Slate says the waning of American confidence will be a mighty hurdle in President Obama’s aim to fix the economy. [Slate]

U.S. Bank?
Obama needs to fix the banking system, which remains broken despite infusions of cash. One sensitive option being considered: nationalization, which might be the only way to return any benefits of the bailouts to citizens. [NYTimes]