A month ago... when Geithner crossed swords with Axelrod, winning the battle and losing the war.

[KoKo]

Take the Steering Wheel out of Geithner's Hands

On February 10th, the New York Times reported that there had been a "spirited" battle within the Obama administration over restrictions on executive pay and bonuses, and over attaching stringent conditions to any bailout money given to banks.

The clash pitted Tim Geithner, who opposed the restrictions and conditions, against David Axelrod, who favored them. According to the Times, Geithner had "largely prevailed."

-snip-

Geithner's Masters of the Universe, the people he still thinks are the ones we should turn to to save the day, are the same people who brought us here. And that is why Geithner either needs to go or keep his job but have his authority stripped and transferred to someone who does not share his Wall Street DNA. Call him or her the "Recovery Czar."

In other words, use any window dressing you want, just take the steering wheel out of Geithner's hands.

It might seem extraordinary to be calling for the resignation or demotion of President Obama's point man on our financial system.

But let me remind you of a few other things that are extraordinary: the government has spent $2.2 trillion and committed another $7.7 trillion to bolster America's struggling financial system; $7 trillion of shareholders' wealth was lost in the stock market in 2008; over 4.2 million jobs have been lost in the last 14 months; 2.3 million houses were foreclosed in 2008, with another 121,756 foreclosures last month alone.

Things that we never would have imagined are happening all around us. So this is a time for doing things that might have seemed unthinkable just a month ago.

A month ago... when Tim Geithner gambled the administration's political capital, putting his money -- actually our money -- on the behavior of bankers and CEOs who continue to operate as if it is business as usual.

A month ago... when Geithner crossed swords with Axelrod, winning the battle and losing the war.\

http://www.huffingtonpost.com/arianna-huffington/geithner-unable-to-escape_b_178006.html