Geithner and Bernanke, unfortunately have spent the year doing nothing but handing out money and financial guarantees to banks, insurance companies, and other financial institutions. The result is a paper-thin recovery that will definitely collapse inside of 6 months from today, in my opnion.
As one financial guru (sorry, don't know his name), who I was listening to on the BBC said today , "It's not a V, its a W, and we are in the middle."
What we should do, in my opinion, is bring back the Glass Steagall reforms we repealed in the 1990s. But nearly everyone agrees we need to do something. Obama agrees too, as his recent Wall Street speech demonstrates, but most of his energy seems to go to other things---like health care, cap and trade, and foreign relations. I suppose he thinks these things are more important. We shall see.
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