"Is the Obama economic team dumb, or evil? (Or maybe, uh, neither.)
James Surowiecki nails something that also bothers me about many of the critiques of the Geithner plan:
Much of the discourse around the Geithner plan, and around the nationalization debate more generally, seems to assume that Obama's economic policymakers don't understand the gravity of the situation or the virtues of nationalization, or else it assumes that they don't really care about improving the real economy. I'd be very surprised if either of those things was true."