Inspector General

Krugman: Administration has "squandered" the mandate of heaven

In a column which oddly, or not, doesn't mention the President by title or by name, Krugman concludes:

The gist of the [TARP inspector general's AIG bailout] report is that government officials made no serious attempt to extract concessions from bankers, even though these bankers received huge benefits from the rescue. ...

For the A.I.G. rescue was part of a pattern: Throughout the financial crisis key officials — most notably Timothy Geithner, who was president of the New York Fed in 2008 and is now Treasury secretary — have shied away from doing anything that might rattle Wall Street. ....

Yet more weak shit on the banksters from Obama

[pounds head on desk]:

Obama: Time for big banks to help small businesses
"[OBAMA] These are the very taxpayers who stood by America's banks in a crisis, and now it's time for our banks to stand by creditworthy small businesses and make the loans they need to open their doors, grow their operations and create new jobs," Obama said.

Never mind that whatever actual program or policy, if any, that Obama has in mind will be, if results of his mortgage refinancing program are any guide, pathetically weak and unhelpful to those in need. Let's focus on the question of fact: