Report is, Tim Geithner, President-elect Barack Obama's choice for U.S. Treasury Secretary, is trying to force Federal Depository Insurance Corporation head Sheila Bair out of office.
Given that Bair has done more than about anybody in Beltwayland the last three months in trying to help holders of bad mortgages, this, whether accidental or deliberate, would send a bad sign that Obama’s financial team, even more than indicated so far, is on the side of Wall Street, not Main Street.
And, isn’t her worry about FDIC depository insurance, reportedly overdone in Geithner’s eyes, deserving of a high worry factor?
That said, is this a surprise? Given that Geithner comes from the Goldman Sachs assembly line, no.
Have some more Kool-Aid, Obamiacs!
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