This can only reinforce the perception that the Obama administration is helpless before the power of the new robber barons- and that Geithner is their tool. Capitalism searches out the darkest corners of human potential, and mainlines them.
I should have mentioned that many private equity funds and hedge funds seem to have found a common position to take---no limits on executive compensation, no regulation, or we won't play. Blackmail, pure and simple.
The hedgies and privae equity locusts are helpless, as long as we have the political will to take them down.
Tell them to play ball, and if they refuse they should all be prosecuted for treason and thrown into jail until the next great depression. Peak oil is not an energy crisis. It is a liquid fuel crisis.
