Also, I’ll reiterate from this morning: Why did Geithner say that the “the financial condition of the counterparties was not a relevant factor” in making banks whole? That was uncritically reported by the Journal this morning, but at least it was smart enough to report it. I didn’t see anybody else pick up on that. Anyone want to take that on?
ADDING: Floyd Norris asks another very good story-worthy question: Who wrote the credit-default swaps that Goldman Sachs and Merrill Lynch bought to protect themselves from an AIG collapse? They are also big recipients of the bailout. (h/t Felix Salmon)