Even in the new Barack Obama "Yes We Can" era, the boys on Wall Street are apparently still up to their testosterone-fueled tricks.
Rubin protege and Fed Secretary-elect Timothy Geithner is reportedly triangulating with other top financial appointees to get Sheila Bair, the head of the FDIC, to step down.
Bloomberg News is reporting that the new economic team is not comfortable with the independent Bair, who, like Obama, has favored aid for Main Street as well as Wall Street. Her work on the economic crisis and her independence from both the Bush Administration and the Wall Street establishment has been met with high praise from most quarters, including the business press and even top Democratic legislators such as Chris Dodd and Barney Frank. In fact, Barney Frank, the partisan Democrat from Massachusetts, said about the Republican Bair: