Heavy is the head that wears the crown.
Words. For Your Consideration...
"Geithner has not been impressive as a performer. He talks so fast that it's hard for listeners to keep up. Grand settings, such as his ornate office, seem to swallow him up.
He does have a vision, though. He sees, eventually, a reformed financial system in which the "too big to fail" behemoths such as AIG or Citigroup are required to run their businesses in a more conservative fashion. He sees better regulation and more transparency, so that hedge funds are not so opaque and the derivatives markets are not left unsupervised to run amok.
The goal that Geithner describes sounds like an improved system but not one that is fundamentally different from the system we have now. If populism is resurgent in the land, it doesn't get past Geithner's desk. Wall Street should be toasting the guy -- but with beer, not champagne."
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