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The imminence of the bonus payments is not the issue, or even a issue. The fact of the payments and the FACT that Treasury had insisted on language in legislation which would allow such payments is THE issue.
Treasury (and therefore the Obama admin) knew what they were doing the second they pushed Chris Dodd into making changes to the legislation to allow for such bonus payments. If the timing caught them off guard, well, so what? The takeaway is that they not only knew, they made it possible.
Geithner must go. In fact, everyone in the Obama admin who is an alum of Goldman, Merrill, Citi or any other Wall Street or banking industry giant that is in line to get taxpayer money must go. If we need bankers, get bankers...as in real bankers from small and mid sized banks that operate on nothing more than a regional basis. The "Masters of the Universe" we have now have proven themselves to be clowns.
