Obama and the Democrats have accused Bush of failing to properly regulate financial institutions. They have selected Tim Geithner to straighten out American financial institutions. This is curious to me because Geithner was the guy in charge of financial institutions in New York, which is where Wall Street is located. (New York has a Democrat governor so the had a Democrat in charge of the financial institutions.) Despite the fact that Geithner didn't do any better than Bush in regulating financial institutions, Obama selected him to run Treasury. This is curious to me. Now it turns out that the Australians had some experience with Geithner, and they were not impressed, as reported here.