MEGAN MCARDLE ON GEITHNER: “The longer I think about it, the more shocked I am at how badly Treasury has handled this. First, they refused to consult with banks or, apparently, too many Bush administration officials, because they didn’t want the plan ‘tainted’ by such seedy associations. Since as far as I can tell these two sources have custody of, to a first approximation, 90% of the information needed to make a plan work, this was moronic. It was a classic technocratic error, thinking that a pure planner should operate without regard to the desires of the grubby, greedy people they’re supposed to regulate.”