Dictating the top leadership of a private company is dangerous enough, but committing taxpayer dollars to a venture that should be handled in bankruptcy court is just irresponsible.
In a barrage of committee hearings over the next few days, Treasury Secretary Timothy Geithner is expected to propose a plan to expand the government�s authority to intervene in failing financial institutions to restructure their operations. Politically, Obama stands to gain just as much as he risks losing.
