Bernanke Senate confirmation in peril. The vote has been delayed, always a telling signal that the votes might not be there.
Geithner reportedly told Wall Street that Obama is sacrificing good policy for politics. Most illuminatingly, Treasury has twice not issued a denial. To go out on a speculative wing, why would Geithner do this unless he knew he was on the outs. Indeed, Volcker is who Obama is listening to now. Finally.
Obama needs to unload Geithner and bring someone in like Michael Greenberger. This is a guy who knows how to regulate.