I'd like to see something more specific: the US treasury does not have anything at stake here other than the possible collapse of a huge trading partner, but the UK govt. which is here claimed to by sympathetic has been actively defending UK banks and investors. Certainly Pat Honohan may have things he can and cannot say as well.

Yves-Smith has a serious grievance against Geithner -she'd believe any story - even one that nobody has told.