When asked whether he left open the option to pressure a bank CEO to resign, Geithner responded, "Of course. Of course.

On the heels of Rick Wagoner's ouster, Tim Geithner made this statement in an interview with CBS.  Though not as adamant as I would prefer, it still sends a message to executives of companies who are receiving government assistance.  If they couldn't run a good business while playing with their own money, what makes us think they are going to do any better when the money isn't their own?

The Obama administration asked Rick Wagoner, the chairman and CEO of General Motors, to step down and he agreed, a White House official said.

You never want to relish when someone gets fired.  But don't cry for Rick Wagoner.  He made over $63 million during his career at GM, most of which came during his years as CEO (a little under $39 million).  When you realize that GM lost approximately $82 billion in the last four years of his tenure, it was obvious that new leadership was needed.  Interim chairman, Kent Kresa, also stated that most of the GM board of directors would be changed at the annual meeting in August.  Another good move seeing as how they kept on supporting Wagoner year after year while he presided over the meltdown of an American icon.  I don't know if the US auto industry can be saved, but it couldn't hurt to have some new blood running things.  I want to desparately support American made automobiles and if the stars are aligned, my next car will be American made.