Tim Geithner pulls the same rabbit out of the regulatory hat today in the WSJ:
Remember the crisis when you hear complaints about financial reform—complaints about limits on risk-taking or requirements for transparency and disclosure. Remember the crisis when you read about the hundreds of millions of dollars now being spent on lobbyists trying to weaken or repeal financial reform. Remember the crisis when you recall the dozens of editorials and columns against reform published on the opinion pages of this newspaper over the past three years.
We cannot afford to forget the lessons of the crisis and the damage it caused to millions of Americans. Amnesia is what causes financial crises. These reforms are worth fighting to preserve.
Timmy is perilously close to winning the Straw Man of the Year award, and will now enter the pool of candidates for the 2012 Economic Darwin Award.