ABC News: Obama: No 'Easy Out' for Wall Street

Terry Moran of ABC News interviews President Obama and presses for answers on the bank bailout and Treasurery Secretary Geithner's proposal likely to cost taxpayers trillions of dollars. The President was evasive when asked for a dollar estimate. Moreover, when Moran asked about nationalizing the banks, the President cites the banking crises in Japan and Sweden and presents our options as "either / or" when other options are desperately needed and should be explored. It appears that President Obama is extending the same friendly bipartisanship that has failed him in Congress to the banking industry. Instead, this crisis demands that he be bold. It is worrisome that Secretary Timothy Geithner appears to be protecting his banking industry buddies, and his four-point plan as rolled out yesterday was too short on details.