Geithner Fires Warning Signal In General Direction Of Lewis, Pandit

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Blankfein, Mack, Dimon et al should probably all be listening, too, but, you know. Be serious. Anyway, the Secretary Treasury told Katie Couric yesterday that "of course" he's leaving the door open to can ("put pressure on") TARP-taking bank chiefs whose work is not deemed up to snuff.

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The French Fart in the General Directions of London and Frankfurt

Oh, the wily and unscrupulous French: They spend years arguing with the ferocity of a cockfighter for tough, nay, draconian financial regulations. And then they elect a Socialist who promises to be even less interested in the concerns of the monied classes. And then, when Europe's two biggest economies—the ones housing the financial centers the French hope to destroy—announce that they'll impose the aforementioned tough, if not draconian, regulations, the French say, joke's on les Huns et les rosbifs.