A Win For Geithner = A Win For Wall Street

February 10th, 2009at 07:09am Posted by Eli

Hooray…

In the end, Mr. Geithner largely prevailed in opposing tougher conditions on financial institutions that were sought by presidential aides, including David Axelrod, a senior adviser to the president, according to administration and Congressional officials.

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.

Can someone explain to me what it is that makes Geithner a Democrat?  Is he pro-choice or something?

The depressing truth is that this probably is what makes him a Democrat…

Entry Filed under: Corruption/Cronyism,Democrats,Economy,Obama,Wankers


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