A friend reports chatter within the Obama administration that Tim Geithner was a bad choice for Treasury Secretary and that Quadrangle partner Steve Rattner (currently the car czar) was brought in partly to have a good relief pitcher on hand.Is it fair that this guy is totally overwhelmed? Nope. His boss next door has been completely inept at providing him any senior support staff.
This doesn't surprise us: We think that, in this crisis, Tim Geithner is clearly the wrong man for the job. But this is also only unconfirmed chatter at this point.
At the end of the day, it reinforces what we said all along -- Obama wasn't ready.