Monday, April 27, 2009

Must Reading

Anybody seriously following the bank bailouts cannot afford to miss this article in today's New York Times, an extensive review of Tim Geithner's relationships with Wall Street firms and executives, as well as his policy recommendations both as chair of the New York Fed and Secretary of the Treasury.

This article is not "commentary" or "news analysis," but a review of Geithner's history. We are left to draw our own conclusions. For me, it reinforces my ongoing belief that the "change" promised by the Obama administration, at least as far as the financial industry goes, continues to be mostly smoke and mirrors.

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