TARP II: reviews are in...

I didn't listen to Geithner's press conference on TARP II, and haven't even tried to read what he proposed...
All I've read is a few responses, which seem to be none too positive.

From the reviews, it sounds like he didn't take my advice:

Before doing anything else, draft a playbook.

You'll recall:

In November 2008 Treaury Secretary Paulson wrote an Op-Ed in the New York Times in which he stated:

“There is no playbook for responding to turmoil we have never faced."

My response at the time – some six weeks after TARP legislation had been enacted – was, “WHAT’S HE BEEN DOING FOR THE PAST TWO MONTHS?
Shouldn’t Secretary Paulson’s top priority have been drafting a playbook?”

Geithner has had at least a couple of months - much of that time formally responsibility-free - to put together a playbook, a gameplan...

The reviews suggest he didn't, but is continuing Paulson's ad hoc approach.

Sigh.