I got to agree with Kevin Drum regarding Tim Geithner realizing at the eleventh hour that their plan was crap:
Say what? After nearly two years of crisis and weeks of work, they suddenly discovered that buying up toxic assets from banks was problematic because the assets were expensive, hard to value, and risky for taxpayers? That’s not exactly rocket science.
Get it together Geithner.
Geithner is easily Obama’s worst pick (though I believe he is better than Paulson). It’s refreshing that he can admit to being wrong and display some level of flexibility. Still, it would be much more effective if he didn’t make these mistakes in the first place. Eric Holder is still my favorite Obama pick, just because of his testimony during his confirmation hearings.
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crazynutjob reblogged this from southpol and added:
Geithner is easily Obama’s worst pick (though I believe he is better than Paulson). It’s refreshing that he can admit to...
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shorterexcerpts liked this
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southpol posted this
