Geithner tantrum and Meltdown

[coadie]

WASHINGTON (Reuters) - Top U.S. bank regulators will speak out on Tuesday against some key elements of the Obama administration's plan to reshape financial regulation, saying parts of it were unneeded or could be disruptive.

The officials' defiance, in prepared congressional testimony obtained by Reuters, came despite a warning given to them on Friday by Treasury Secretary Timothy Geithner.

In private remarks punctuated with expletives, Geithner urged the regulators to end their turf battles and show support for President Barack Obama's plan, according to a person familiar with the situation on Monday.

But that seemed to have little impact on John Bowman, acting director of the Office of Thrift Supervision (OTS), an agency slated for closure under the Obama plan.

Where do these buffoons come from? Goldman sachs. Part of Geithners meltdown stems from his pushing policies as a sock puppet for Obama any kid with an econ degree knows are stupid. Just stupid.

Meltdown: A Free-market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse, by Thomas E. Woods, Jr.

I read this book. It is simple and pointed.