Monday, January 11, 2010

Who'd Have Thunk It?

That the patron saint of dotcom excesses, Henry Blodget is calling for
Latest AIG Revelations: One More Reason Why Geithner's Got to Go
Posted Jan 08, 2010 11:20am EST by Henry Blodget in Investing, Newsmakers, Recession, Banking

The latest revelations about the New York Fed's actions in the AIG bailout make one thing clear: Treasury Secretary Tim Geithner must go.

Geithner must go not just because of the emails showing that his New York Fed ordered AIG to keep details of the bailout secret, but because of many other decisions and policies he has championed in the past two years.

…………………
This is a time for Obama to fish or cut bait.

He is either a captive of the FIRE (Finance Insurance Real Estate) sector, or he represents the American people, and Geithner, and to an even larger extant Lawrence Summers are an artifact of the former.

H/t The Big Picture.

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