Geithner Gone by June?

Filed in National by on March 7, 2009

That is the prediction from Chris Whalen talking to The Street.com. So caution is advised. Whalen is a principal of this place and his newsletter has been full of bailout discussions. What interests me here are two things: 1) that resolving AIG and Lehman rids the system of CDS and 2) Lehman is the model for resolving the leftover assets. Meaning sell what you can for what you can and walk away. No more wishing for better values, no more waiting for taxpayers to overpay for assets:

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"You don't make progress by standing on the sidelines, whimpering and complaining. You make progress by implementing ideas." -Shirley Chisholm

Comments (2)

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  1. jason330 says:
    March 7, 2009 at 10:33 pm

    I would not be surprised. June is a while away though. More money down the toilet in the meantime?

  2. Unstable Isotope says:
    March 7, 2009 at 10:41 pm

    Geithner better figure things out, fast. I don’t understand why he’s still resisting doing the right thing. Is he drinking the Wall St. kool-aid still?

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