Treasury Secretary Tim Geithner gave a dismal performance this morning before the TARP Oversight Panel. The chairwoman, Elizabeth Warren, asked the first question, which as I said this morning, was right on. Geithner gave an answer that is sure to make Joe Six-Pack throw beer cans at the TV. It was the kind of non-response that more than obfuscates the truth; it crystallizes for the listener that the inference of Warren’s question is obviously true: The banks are getting a better deal than the American manufacturing worker.
I was never comfortable with Geithner as the architect of this economic recovery, and while he has improved his public performances in that he no longer looks like a deer in the headlights, he now just looks shifty.