There are now rumors that Timothy Geighner will be resigning as Treasury Secretary after the debt ceiling dispute is resolved:

Treasury Secretary Timothy F. Geithner has signaled to White House officials that he’s considering leaving the administration after President Barack Obama reaches an agreement with Congress to raise the federal debt limit, according to three people familiar with the matter.

First, let me note that this is an interesting contruct, “according to three people familiar with the matter.”

Since when do reporters say how many anonymous sources that they are quoting?

The fact that Geithner has been the longest serving and worst of Obama’s economic advisers, (When you consider that Larry Summers is in the mix, it’s pretty mind boggling) it doesn’t bode well for whoever will replace him.

My suggestion would be to stop giving Wall Street a blow job, and appoint someone up to regulation, but the ‘Phants will filibuster them, so recess appoint someone who who has a history of pursuing fraud and abuse, though Republicans are suggesting that Obama, “Bring a CEO on board.”

So will Obama do the right thing, both politically and policy wise, or will he elect not to disturb the status quo, and engage in another pointless attempt to appease the Republicans?

I’m not an optimist.