Tim Geithner's roll-out-plan-to-rescue-America's-banks has been postponed again, at this writing until Tuesday. The frequent postponements subtract from the already-diminished ethical stature Geithner brings to his office. Then again, given the Obama administration's compromising instincts, even a prompt, untainted Treasury Secretary isn't likely to restore confidence.
Reportedly Geithner will soon tell us that the government plans to offer incentives for private investors to bolster good banks. When Geithner announces this, taxpayers will see subsidies streaming from their own pockets to...
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