"The man who engineered the takeunder of Bear Stearns (through what I would argue was capricious and outrageous actions including yanking their credit line they believed was committed, along with failing to disclose they would have access to the Discount Window just 24 hours later!), the man who sat back and said he had "no legal authority" to do anything about Lehman Brothers, the same man who has had nearly a full year to examine the books of these institutions as the primary intermediary and counterparty to every major broker/dealer on Wall Street (since Bear blew up) at the point where he was supposed to announce a plan he didn't have one?
ONE YEAR later?"
Don't mention nationalisation01:54am on 26 Feb 2009As The Market Ticker points out, "the failure to step to the microphone and make a strong, concise, and no-wiggle-room statement that we will NOT nationalize banks has led to a loss in the banking index (BKX) of thirty percent over two weeks time. Tim Geithner is directly and personally responsible for that loss of value."