Here is a PBS interview in which Tim Geithner responds to questions about Obama's new Bank Plan. According to Reuters, the Treasury Secretary has privately expressed opposition to Obama's new plan. In the interview above, he hardly seems excited about the President's proposal and many are saying the Secretary is losing favor in the Obama Administration.
My inclination is to agree with Paul Krugman in believing that Geithner, with this kind of milk toast response, looks weak and doesn't inspire much confidence from Main Street.
So my question is this: What in the Sam Hell is going on here? If we can agree that, a year after the financial crisis regulators haven't changed a thing but ... at the same time ... Obama's proposed plan is far from perfect, then what is the alternative?
With Bernanke seeking renomination as his term ends Jan 31, is it time to replace Ben and Timmy? With Conan?
One nit it is milquetoast not " milk toast"
I think this might be a way for Obama to jettison Geithner on a difference in policy after 2010.
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