Treasury's "Battle With The Banks?" What "Battle?"
Atrios points to this strange Felix Salmon post about Treasury's incompetence and/or malfeasance regarding the mortgage crisis. What's strange about it is this line:
[I]n the battle of Treasury vs the banks, the banks — predictably — have won.
Ridiculous from Salmon - Geithner's Treasury has protected the banks from Day One (before Day One in Geithner's case, considering his outrageous actions on behalf of the banks as president of the New York Fed.)
Tim Geithner is a disgrace, and a disgrace that reflects on Barack Obama. If he loses reelection, what would most make his loss deserved is his acceptance of the malfeasance and incompetence of Tim Geithner. Obama has been unforgivable on that.
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