Days after GM's CEO Rick Wagoner was forced out by the Obama administration, Treasury Secretary Timothy Geithner left open the possibility that such moves could happen again.In an interview with CBS Evening News anchor Katie Couric, Geithner acknowledged the government has had to do "exceptional things" – citing AIG as well as Fannie and Freddie Mac.
"We have changed management aboard," he said. "And where we've done that, we've done it because we thought that was necessary to make sure these institutions emerge stronger in the future."
When asked if he would leave open the option to pressure a bank CEO to resign, Geithner replied: "Of course."
In a separate interview with ABC News, Geithner said there was no difference in the way the administration handled the auto and finance industries. - CBS News Story
I guess not really unless you count the endless Billions that you gave the Financial Sector with little oversight, the Ex Financial Employees that have now become Administration Officials, the Forcing Retirement of CEO at GM (Who got forced out in the Financial Sector), the Reorganization of Boards approved by the Administration. Maybe your right, no difference. Either way you haven't done a very good job of handling things with our Money.
If there are people that need to be forced into Retirement, the Government should look in it's own backyard.
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