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We are big fans of Chris Whalen. He has been repeatedly correct on the banks since early 2008 and he supports taxpayers vs. bondholders in the bank loss debate. Whalen just finished a short appearance on CNBC with Larry Kudlow and fellow banking analyst Dick Bove. The discussion was decent though it was tough on Whalen as the only realist facing the formidable duo of Goldy and Polly.
Watch this outstanding clip to witness a Geithner emasculation at the hands of Whalen.
CNBC Video of Whalen, Kudlow and Bove after the jump.
See also:
Whalen on AIG
Whalen Statement to the Senate on Proposed Financial Market Regulation
bank bailout news, bailout, banking recovery
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