Too Big To Fail

Felix Salmon on the Tim Geithner mini-scandal:

There's no realistic chance that Geithner will fail to become Treasury secretary as a result of this scandalette, if only because there's zero chance that Republicans would be any happier with Obama's second choice. Geithner is clearly qualified, and has worked very well with Republicans in the past: not only Bernanke and Paulson, in his present job, but also Anne Krueger, at the IMF. Had Mitt Romney, say, been elected president, Geithner would probably have been on his shortlist for Treasury secretary too.