This is the guy who is so awesome that we have to overlook his tax evasion so that he can save the world?
This was his big moment, a much anticipated speech in which he would reveal his brilliant plan to save the financial system. Let's go to the market reaction:
That speech was painful to watch. Geithner was like an unprepared schoolboy trying to fake it through a class discussion. Paulson didn't have a clue either, but he faked it better.
UPDATE 2/11: There is some discussion in the comments below about the market starting to tank slightly before Geithner spoke. I speculated that the text of Geithner's speech had been released at 8AM. This graph, from this morning's WSJ, confirms that: