Reply #5: Maybe Cause Geitner Wasn't Treasury Secretary In November [View All]

[KharmaTrain]

I think we had just had an election at the time and Geitner was still at the Fed in New York. While I'm sure he and President Obama began to investigate the financial mess, I also have little trust in the boooosh regime and what type of information they gave both the incoming administration and Congress. Many of these deals were done by Henry "Kommandant Klink" Paulsen and the scope of the damage and the bail-out really wasn't known to many until the last days of this regime.

Geitner has faults...he's trying too hard to placate the Wall Street culture he knows so well...trying to "soft land" this crisis and being too tepid in light of the disclosures of wide-scale fraud and corruption. But he's also eating a shit sandwich not of his making. Now he's on the clock and the longer it takes for him to break up these "too big to fail" companies through nationalization, the more he's turning that sandwich into his own.