This is an update to the post here on May 19, 2009.
Attention is being paid. See Mark Pittman, "TARP Warrants Show Banks May Reap 'Ruthless Bargain' (Update 2)" (Bloomberg.com, Friday, May 22, 2009).
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.
There is a connected post on this update at www.insuranceclaimsbadfaith.typepad.com.
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