Nearly 24 hours after Treasury Secretary Timothy Geithner delivered what was supposed to be the Obama Administration’s comprehensive “Financial Stability Plan,” the overall consensus among market analysts, economists, and the media alike was that the address was regarded as an overall failure.

The stock market’s reaction to Geithner’s speech yesterday (the Dow dropped nearly 400 points) reflected a serious let down, brought on by the market’s anticipation for a plan of action. Instead, what we all got was a reminder of each problem the economy is facing, without any detailed strategies to fix them. The days leading up to the speech distorted the marketplace by providing a false sense of anticipation that fully-formed plans were ready to be put in place immediately.

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Treasury Secretary Timothy Geithner concluded his address on the government’s “Financial Stability Plan” late this morning with a candid and sincere statement: “…this strategy will cost money, involve risk, and take time.”

Yet, Geithner’s sincerity failed to make up for his vague overview. The Treasury Secretary outlined the Obama Administration’s plan of action with three main goals: “clean up and strengthen” banks, restore the natural flow of credit, and provide aid to homeowners and small businesses.

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