Sheila Bair Takes on Tim Geithner, Gets Tough on Wall Street

'The two banks that were clearly insolvent were Citigroup and Merrill.'
Sheila Bair PBS Newshour interview.

• Transcript at PBS

This portion was not broadcast, and is perhaps the better of the 2 clips.

Here's what we've learned so far from Bair's book:

• John Thain's only concern was getting paid.
• Robert Rubin was secretly in charge of TARP.
• Citigroup and Merrill were both insolvent.
• Bair wanted Volcker for Treasury Secretary.
• Geithner really loves Citigroup.
• Blankfein wasn't playing team ball until Bair called Buffet to complain.