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The only part of this that isn't in Geithner's plan is the "or be taken over by the government" bit.
Other things that I fear in my gut to be missing from Giethner's plan is the necessary determination to carry through the examination with determination and honesty and to act on the findings with resolve and alacrity.  

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Mar 31st, 2009 at 10:39:35 AM EST
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Yes, but that is not something you can write in a document. "The Treasury will carry out an audit and will take it seriously" - LOL

Most economists teach a theoretical framework that has been shown to be fundamentally useless. -- James K. Galbraith
by Carrie (migeru at eurotrib dot com) on Tue Mar 31st, 2009 at 10:45:00 AM EST
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If Obama really wants to get serious about saving the economy and society, he should replace Giethner with Simon Johnson and give him a free reign to clean things up.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Mar 31st, 2009 at 12:39:30 PM EST
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These words are as soothing as an entire bottle of wine.  And I'm totally sober.  Thank You!

They tried to assimilate me. They failed.
by THE Twank (yatta blah blah @ blah.com) on Tue Mar 31st, 2009 at 01:00:32 PM EST
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Let's try not to get intoxicated by the prospect just yet!

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Mar 31st, 2009 at 01:33:13 PM EST
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BTW, the warning you gave me "earlier" is appreciated.  Truly.

They tried to assimilate me. They failed.
by THE Twank (yatta blah blah @ blah.com) on Tue Mar 31st, 2009 at 01:37:09 PM EST
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Only passing on cautions given here to me by others.

He jests at scars that never felt a wound.

I had made a jest about possible police action in the USA, to the effect that I hope they had me on their screen, and was cautioned by one who had recieved such attention.

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Mar 31st, 2009 at 03:02:47 PM EST
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