Mr. Geithner.....Please Sit Down and Shut Up

After arguably the strongest move on Wall Street, where it even brought positive reaction out of the most critical progressives on whether he has been truly standing up to them, President Obama's press conference on the big banks didn't warm the hearts of everyone on his economic team.

In fact, it even led to some grumbling being heard loud and clear. And that grumbling came from a guy who really shouldn't even be opening his mouth unless it is exhaling carbon dioxide.

Oh Timothy and your unnecessary time for being a troll for AIG again:

Geithner has reservations on US bank limits-sources

Sigh:

President Barack Obama's newest Wall Street crackdown was met with hesitation from Treasury Secretary Timothy Geithner, who is concerned that politics could be sacrificing good economic policy, according to financial industry sources.

Geithner is concerned that the proposed limits on big banks' trading and size could impact U.S. firms' global competitiveness, the sources said, speaking anonymously because Geithner has not spoken publicly about his reservations.

He also has concerns that the limits do not necessarily get at the heart of the problems and excesses that fueled the recent financial meltdown, the sources said.

The Treasury did not respond to requests for comment.

Now these anonymous sources don't help things for Geithner, especially when they hide under the cloak of anonymity like the cowards they are. They'll gladly leak out what he said to them, and get possibly away with it if Obama wants to deal with him alone behind closed doors.

But for Geither to even say a damn thing of negativity to anyone about Obama's decision, in which his current boss has been his most staunchest defender of him through the fire, shows the amount of cahones he has (and Summers as well).

Salon's Andrew Leonard says it perfectly :

What can we tell from this pusillanimous attempt to undermine Obama's biggest regulatory initiative within hours of its unveiling? Simple: There was a big fight over the direction of regulatory reform policy at the White House, and Geithner lost. A good soldier would shut up and do his best to get in line -- certainly, as Geithner's superior, Obama has been unstinting in his defense of the Treasury Secretary, and at no small cost to his own standing with progressives. But instead, we get sour grapes comments about "global competitiveness" -- standard conservative boilerplate when free market ideologues argue against any kind of regulation that might put a crimp on private enterprise.

One should still be cautious. Maybe these leaks are the work of people within the administration who are looking to embarrass Geithner. Or maybe, although I'll admit this is unlikely, he's pulling some kind of jujitsu move to give Obama cover with the left: (See, if Geithner doesn't like it, it must be good policy.) But I don't think so. If the Reuters story is true, Geithner has made it clear where his allegiances lie -- with Wall Street. It's time for him to go. Paul Volcker looked pretty full of energy Thursday morning, and he did a pretty good job as Federal Reserve Chair way back when. Maybe we should get a chance to see how does as Treasury secretary.

Timmy, please, either grab a mop, SIT DOWN and SHUT UP, Resign, or just get fired.

One of those four things would be a lot helpful than the BS that leaked to Reuters this evening.