The Geithner dilemma- he is useless but getting rid of him will not change a lot I am afraid

Geithner is just a puppet of the Paulson /Rothschild boys and has no saying just executes their agenda. Ms Bair is not under their control it seems although some of her calls are also questionable but after all she is more competent and not a Wallstreet lobbyist. The problem is that she also has Bernanke on Geithner end against her although he is not a power player at all. The recent actions of the FED do bolster short term bank profits ans they get a guaranteed profit to make but they run out of steam at the end of this year as it will be obvious that their policies are useless and counterproductive. All they do is generate some profit opportunities for insiders - Mainstreet will not see nay benefit to the contrary they are building huge future losses as they artificially blow up prices which will not be sustainable and lead to tremendous losses.

President Obama makes phony promises to the public as he will not see any upturn during his term actually rather the opposite as unfortunately we are in a depression and things will get much worse to cleanse the system. Most of the actions of the government are keeping up the old system and that can not work as the system is dead just being kept alive artıficialy like a coma patient.

Excerpt

Just as Treasury Secretary Tim Geithner finds himself wrestling with the bear that's mauling the US economy, he's also tussling with another: Sheila Bair, chairman of the Federal Deposit Insurance Corp.

While regulators in Washington, DC, are presenting a united front publicly as they attempt to repair a badly damaged US financial system, sources said that behind the scenes Bair and Geithner are fighting tooth and nail over exactly how to get the job done.

And as the economic crisis has worsened, Bair has been the one to come out on top.

Indeed, Bair's star is said to be rising as Geithner faces withering criticism over the government's missteps in its attempts to jumpstart the credit markets and for allowing American International Group to hand out $165 million in bonuses after the beleaguered insurer received a total of $170 billion in federal rescue money.

Sources tell The Post that Bair and Geithner have been at loggerheads dating back to when Geithner ran the Federal Reserve Bank of New York.

Geithner has been painted as being too cozy with financial firms and unwilling to act decisively and take on big Wall Street players.

Bair, meanwhile, has earned a reputation of being a hawkish regulator, willing to play hardball with banks and opposing providing any subsidies to bondholders and shareholders, according to one supporter.

She was also one of the first regulators to promote measures designed to stop foreclosures and modify mortgages.

And yesterday, she criticized a Geithner plan to create a so-called "systemic-risk regulator" that would monitor banking and economic issues that threaten the economy, saying such a move "is not a panacea."

She went on to say that the feds currently don't have a system in place to handle the failure of non-bank financial systems like AIG. One of the duties of the FDIC is to oversee the orderly dismantling of failed banks, and sources said there are signs Bair might be trying to get the FDIC involved in unwinding companies like AIG.

People familiar with the matter said that Bair and Geithner's feud has gotten so heated that at one point last year, before Geithner was confirmed as Treasury secretary, he suggested she be ousted as FDIC chairman.

Bair was originally appointed FDIC boss by former president George W. Bush, and her appointment doesn't end until 2011.