In 2009, Johnson published his essential argument about the US bailouts in an article titled "The Quiet Coup." Johnson's argument was political—he portrayed Geithner's strategy as fundamentally entrenching a political oligarchy.
That article put forward the theory that through the bailouts, America's democratic system was being replaced by rule by financial titans. Geithner has never acknowledged that power was involved in the bailouts; those with power are loath to admit it exists. Critics of Geithner come as close as possible to calling him personally corrupt and have even marshaled the evidence that his cronies did fantastically well.
The second problem with Geithner's argument is that the reform bill passed in the aftermath, the Dodd-Frank financial-reform law, is inconsistent with the wall of money theory. In the book, Geithner argues that Treasury lacked the legal ability to deal with large failing banks, to put them in a sort of bankruptcy process. Dodd-Frank provides those tools. However, according to Geithner's wall of money, this doesn't matter. Either you provide the assurance and everyone gets paid off, or it's a collapse. If that's true, why pass Dodd-Frank? Geithner wants it both ways.
The third problem is housing. Economists Amir Sufi and Atif Mian
lead the charge in arguing that the Geithner strategy failed to restart the economy
because it focused on leverage at the large banks rather than leverage among households, i.e., foreclosures. The shape of the Geithner policy architecture is two-tiered: The financiers recovered; everyone else did not. And the economy, even today, sputters along at just above stall speed because of this. Geithner halfheartedly admits he should have done more here, but then in the book he argues that there was absolutely no more that could be done. It's a non-apology apology. Even in that, he's inconsistent. He said on
The Daily Show recently that he supported the judicial modification of mortgage debt for bankrupt homeowners, a pivotal policy, while in his book he says he didn't think it was "fair" or "economically effective."
So that's a rehash: wall of money versus the real economy, or Tim Geithner versus Elizabeth Warren populist school or Simon Johnson technocratic school or however you want to frame it. Yes, there are disagreements on how to run society.
so they can stymie or dilute any progressive policies that come through the door like Obama? Look at how that Obama DOJ and Fed handled the financial crash 
like i said, im just not too hopeful
Let’s go Warren...
