I think Sen. Maria Cantwell is basically correct. Treasury Secretary Tim Geithner served a useful purpose in calming the financial markets, but he’s of no further use to us. He’s part of the culture that caused this economic mess and he isn’t willing to push hard enough to regulate his buddies. It was important to have someone in place who understood both Wall Street and the Treasury Department at the beginning of this administration when things were at risk of going catastrophically off the rails. Back then the issue was confidence and avoiding panic. That time is over. I hope Geithner is the first cabinet member to be replaced. And I hope they do it soon.
On Geithner
