Geithner Stop Dithering Around


	Geithner Stop Dithering Around

Anomaly100

3-4-2009 5:49 PM

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tags:

giethner, banks, zombie banks, bankrupt, james baker krugman

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/155dd227-f610-4540-8d13-ddf652d114c7/6E676881-6CF7-48CF-91DB-8ED7594663A1/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://crooksandliars.com/john-amato/i-wish-geithner-would-stop-dithering-ar" href="http://crooksandliars.com/john-amato/i-wish-geithner-would-stop-dithering-ar" style="font-size: 11px;">crooksandliars.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://crooksandliars.com/john-amato/i-wish-geithner-would-stop-dithering-ar"><DIV class="node-heading">
      			<H2 class="entry-title"><A title="I wish Geithner  would stop dithering around." href="http://crooksandliars.com/john-amato/i-wish-geithner-would-stop-dithering-ar">I wish Geithner  would stop dithering around.</A></H2>
                    				<SPAN class="entry-date">By John Amato Tuesday Mar 03, 2009 6:31pm</SPAN>
</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://crooksandliars.com/john-amato/i-wish-geithner-would-stop-dithering-ar"><P>I think Krugman is right. We are stuck with these zombie banks and Tim won't pull the trigger.
<A href="http://krugman.blogs.nytimes.com/2009/03/02/failing-the-test/#more-1483">Just do it already.</A></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://crooksandliars.com/john-amato/i-wish-geithner-would-stop-dithering-ar"><P>On this side of the Atlantic, Tim Geithner seems committed to the view that banks should stay private even if they’re bankrupt, because — well, just because.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://crooksandliars.com/john-amato/i-wish-geithner-would-stop-dithering-ar"><P>And we have the spectacle of James Baker — James Baker! — attacking the Obama administration from the left, calling for <A href="http://www.ft.com/cms/s/0/b3f299a6-0697-11de-ab0f-000077b07658.html">temporary nationalization</A> of zombie banks as part of the recapitalization process. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://crooksandliars.com/john-amato/i-wish-geithner-would-stop-dithering-ar"><P>The sickening feeling of drift — the sense that policymakers are refusing to face hard facts, and are dithering while the world economy burns — just keeps getting stronger.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/6E676881-6CF7-48CF-91DB-8ED7594663A1/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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