Geithner Wears Blinders for Wall Street, Crashes into Wall of Populist Anger

After reading Joshua Green's profile of Tim Geithner in the April Atlantic , I have to say I'm even less a fan of either him or the policies he's put in place as Treasury Secretary.  You really should read the whole piece, but it just reinforced my feeling that Timmeh is way too concerned about keeping Wall Street functional at the expense of both average Americans and the President's political agenda.

Regarding whether BofA chief Ken Lewis should be fired before the bank had a chance to pass stress tests & raise private capital to correct deficiencies he said:

“Are you going to solve the problem, or are you going to teach people a lesson? They’re in direct conflict.”

 Ummmmm, no Timmeh, they're not.  Apparently Geithner didn't learn a damn thing from watching all those other countries' economic crisis during the last 2 decades of his rise to fame.  IIRC, they prosecuted and jailed many of the businessmen, financiers and govt officials who helped precipitate the various calamities.  That's why we (used to) have LAWS prohibiting many (but clearly not all) of the things that Wall Street did to bring about this mess. Because we learned from the Great Depression..........or not.

Here's your lesson Timmeh:  If you just keep propping up the criminals (Wall Street) with taxpayer money every time there's a crisis (that they caused), without changing the rules under which they operate (government's JOB),  the criminals will have no incentive to change their behavior and will Keep Being Criminals.

Geithner must go.......the sooner the better.