Geithner kisses banks’ asse(t)s

By the day, almost, more proof that Treasury Secretary Tim Geithner is in the tank for the Wall Street BFFs of him and Larry Summers continues to accumulate.

For TARP 2.0, and elements leading up to that in the last few days Geithner has continually opposed more serious regulation — and won.

Those “wins” (for his BFFs, not for We The People) include:
• Fighting tighter executive pay limits;
• Fighting more federal limits on how TARP-covered banks could disburse money;
• Opposing replacing bank executives.

Beyond that, his idea that the private sector is going to jump to get involved with buying up troubled assets is ridiculous, I say.

Anyway, read the full story for who’s calling the economic shots inside Team Obama — and how.

It does kind of make one wish, vis-à-vis tax problems, Geithner’s nomination had been after Daschle’s not before.