Poor deluded fools like myself clearly to not get that Obama’s bailout plan will be looked at ten years from now as pure genius. That’s the word from his staffers, and why he gave a big hug to Timmy G. at the SOTU address. You see, Obama believes Geithner and the bailout plan are without blemish.
Except that grumpy TARP cop Barofsky is mucking things up, saying the plan has failed. What’s worse, he’s got 77 criminal and civil investigations going on now into what happened. He’s even said “We will see handcuffs.” Why that’s just rude, considering all the White House has done for the banksters.
So, it’s probably time for Barofsky – as they so indelicately put it in Texas – to be found in bed with a live boy or a dead girl, something that will knock him down and out. Oh wait, they tried that with Spitzer, didn’t they? Yet he’s back in action, clobbering the banksters. Dang.
(In retrospect, it seems quite a coincidence that Spitzer’s incredibly stupid and risky behavior was publicly exposed in May 2008 precisely when he was about to testify before Congress about bond industry. At the time, I thought such conspiracy theories to be outlandish. Maybe not.)