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Instead, accompanied by Michele Davis and Jim Wilkinson, I walked over to the White House for a meeting with the president, the vice president, and key advisers. He believed that if the Wells proposal was accepted and the Citi agreement scrapped, it would undermine confidence in the government
Geithner and Warsh set up a conference call to coordinate their efforts with Bair, the fifty-four-year-old chairwoman of the FDIC and one of their least favorite people in government. He was slinging populist rhetoric on the campaign trail, excoriating Wall Street, talking about protecting taxpayers, and using the wordbailout.
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