Reply #11: I agree....

[pauldg0]

..Do you think this is Obama's way to force Geithner's hand, even though he picked him.

I think Obama knows there are a lot of check-offs, he has after taught Constitutiona Law at Harvard... Here's the check-offs...

. First, Elizabeth Warren.
. Then he still has Congress to approve.
. Then there is public outcry like on blogs, etc.
. Also, Obama knows that Geithner made the mess, and Geithner would know how to fix it!!??

Yesterday I was scanning the web for some objective reasons why Obama may have chosen Geithner. I found that Warren Buffett was going to be one of Obama's first choices. Buffett said that in concept he believed in Geithners plan (and we do not know the whole plan-Obama has been pretty good about putting up smokescreens)and we Americans have to realize that you cannot turn a ship around on a dime.

Now to me that means we are only seeing the tip of the iceberg. Many people are upset and that is good too that politicians see public outcry, but we should cool it already. I don't think all the info is out yet.

You know it's sort of like when Obama wanted to correct the doctored deficit numbers the Bush administration put out. Wouldn't he want to put good money into our banking instutions first, then get good loans out, then go back and scrap or consolidate the bad banks with the good ones....something like that...I may be a bit naive because I'm not a banker.

In other words keep them temporarily running....i.e. get the boat back to the harbor then we fix it.