I ask, because everything I hear about Tim makes me dislike him more. The latest outrage, via Paul Barrett’s NYT review of Noam Scheiber’s The Escape Artists, occurs in relation to the Obama Administration’s discussion of the possibility of forcing Bank of America CEO Ken Lewis to resign, allowing him to be replaced by someone, you know, competent. According to Barrett, Scheiber identified two arguments against the move:
‘Alongside practical considerations, like the difficulty in finding anyone sufficiently skilled and masochistic to replace Lewis at the helm of the deeply troubled Bank of America, lay “a closely held Geithnerian principle,” Scheiber continues. “The governments of first-world countries,” the Treasury secretary believes, “ceded a patch of high ground any time they behaved capriciously; … there were steps it was simply beneath the United States of America to take.”’
Yeah, Tim. It’s the duty of the United States of America to bail out “capricious” executives—not to say totally incompetent ego-driven megalomaniacs—when they run the world economy off a cliff, but god forbid we should actually hold them accountable for their actions. Tim not only drinks the Kool-Aid, he manufactures it and pours it in the punchbowl when no one’s looking.
