Geithner wants to re-create the system that collapsed but with “tighter regulations.” He wants to re-create the system that the CBO expects to cost taxpayers $390 billion. He wants to re-create the system that helped destroy the housing market and the financial sector.
Oh, and he wants high fees on banks and borrowers to protect the taxpayer. So he ants a government guarantee to keep rates low at the same time there’d be a fee to make sure the system isn’t too fiscally irresponsible. Madness.