This guy seems to have no clue about what to do. I'm not sure anyone knows the way out of this mess.-Louby Henry Blodget
A week ago, we lost patience with Tim Geithner and called for him to be fired. He won't be fired, of course--throwing him under the bus only a month or so into his tenure would embarrass the Obama administration--but we have now heard the first public discussion of a possible resignation.
Why might Tim Geithner resign?
He still has no coherent plan to fix the banking system
He has convinced no one that he's the right man to lead us out of this.
He helped design the past administration's failed bailouts
He was the architect of the original AIG bailout
He tacitly helped cover up the AIG "counterparty" bailout beneficiaries for 6 months
He approved the latest round of AIG bonuses last week (according to AIG)
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