UPDATE: "Fiduciaries Flip-Flop Federal Financing".

    This is an UPDATE to a post here on May 19, 2009.

      In addition to the implications for the exercise of Fiduciary Duties during the Current Collapse, it appears to be a fact as certain as the sun that Mr. Timothy Geithner does not have good negotiation skills.

    Separately and in addition, Mr. Geithner clearly does not have the stomach to negotiate for people making anything less than, say, $500,000 a year.

    TARP borrowers are reportedly taking note.  See Mark Pttman, "TARP Warrants Show Banks May Reap 'Ruthless Bargain' (Update 2)" (Bloomberg.com, Friday, May 22, 2009).

There is a connected post on this update at http://www.insuranceclaimsissues.typepad.com.

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