Mr. Geitner's reticence in the face of bank bullying is a mystery. Just hope it is worth it for him, as the front man for the new administration, to keep taking it (ok, on the chin) from the bankers. It's like we've gone back to the era of big bucks and Taft.
The bank CEOs are colluding and bullying Mr. Geitner like he is a junior go-fer.
Mr. Geitner increasingly comes off as a fresh-faced kid. Where is Mr. Geitner's backbone, expertise and, supposed, professional insight in all this? One surely hopes he is holding some trump cards.
The banks are essentially kaput yet acting as if entitled to the bailouts. They continue to carve bonuses out of bailout finds as if nothing has happened. They apparently regard Mr. Geitner like a Carnie flattie drools when a curious mark comes to the booth. Sharks and minnows.
PS: The paying out of bonuses earlier than their normal payout date to make it appear the bonuses are acts prior to bailout, is transparent deception and should be treated as crimes. What is going on with Geitner, IRS, SEC, Obama ? Many web sites are questioning this, notably Huffingtonpost in their series,"
Tim Geithner, CNBC, and the Second Coming of Known Unknowns"
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