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The way I see it at this point Timothy Geithner has two choices - either he can resign or be fired. Congress is gunning for him and eventually Obama will be forced to offer him up as a sacrifice. Of course his friends over at Goldman Sachs will do everything in their power to weather this storm. Bernanke, too, must be sweating knowing that he's next to be brought up before the congressional firing line. And Larry Summers has been hiding out of sight - maybe in one of Cheney's old bunkers.
Today Tim Geithner was asked point blank to resign by Representative Kevin Brady of (R-Texas).
Yesterday Representative Peter DeFazio (D-Oregon) called for Obama to axe Geithner. DeFazio is one of the good guys in Congress. He's clearly lost his patience with Geithner's machinations in favor of Wall Street and to the detriment of Main Street.
The chorus of boos for Geithner is growing. This comes in the aftermath of new revelations from SIGTARP Neil Barofsky regarding Tim's handling of the AIG bailout as President of the New York Federal Reserve Bank.
My advise to Tim, watch your back. That knife in the dorsal area may come from someone that you least suspect. Think you've got friends watching out for you? Think again. They'll throw you to the lions to save their hides in a New York Wall Street minute.
Maybe this episode will blow over like previous criticisms of Geithner. Maybe Obama will "stand by his [Gold]man" like he has in the past. But Geithner is increasingly being maneuvered into a corner. And there are growing calls for him to be sacrificed to the populist lions.
Want some more advice Tim? Better to go quietly. If you attempt to take down some of your former friends with you, it could end up very badly for you. Yeah, watch your back and go quietly. That's always good advice to someone who is involved up to his neck in a criminal conspiracy that is about to be publicly exposed.