Geithner Is A Dick

Geithner Said to Have Prevailed on the Bailout – NYTimes.com.

Dear Secretary Geithner: Fuck you.

Hugs, Carolyn

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For the long version, here’s a quote from the story:

Mr. Geithner, who will announce the broad outlines of the plan on Tuesday, successfully fought against more severe limits on executive pay for companies receiving government aid.

He resisted those who wanted to dictate how banks would spend their rescue money. And he prevailed over top administration aides who wanted to replace bank executives and wipe out shareholders at institutions receiving aid.

So the limiting of executive’s pay for companies that receive federal funds, which I so LOVED to have seen implemented, is now gone. Asshats. Also, I don’t think shareholders should be preserved at those companies that are SO fucked up they have to get bailed out by the government. Those same shareholders profited from the same bad decisions that landed companies in this mess in the first place.

Sure, it’s probably way more complicated than that, but still. When the NYT says it “the plan largely repeats the Bush administration’s approach” when letting the idiots who created this mess have input as to how to fix it, I get quite nervous. Why? Look how well the Bush plan worked: it didn’t.

Good times, good times.