Any regular reader of Eschaton can tell you that the only way we can get out of this economic mudslide it to pre-privatize the banks. Normal economic activity can not return unless the bad asset ticking time bombs are all defused.
They could also tell you that Geithner is dedicated to bullshitting around the margins and pretending that the crap assets the banks are holding will be worth something if the US government throws enough money at the banks.
The upshot is that I find myself agreeing with Duncan Black that history will not judge Geithner or Obama kindly unless they get the balls to pull the trigger on pre-privatization.