That Geithner Double Standard

There has been some question about whether Tim Geithner and the Obama administration have been applying a different restructuring standard to the auto industry than they have to the banks. Geithner has now basically acknowledged that this is true:

"When in the future -- or I would say, if in the future -- banks need exceptional assistance in order to get through this, then we'll make sure that assistance comes with conditions, not just to protect the taxpayer, but to make sure this is the kind of restructuring necessary for them to emerge stronger," Mr. Geithner said on CBS's "Face the Nation." "Where that requires a change of management and the board, we will do that."