Someone in a position to know once told me something along the lines that Geithner is as horrible as, or even worse than, you think.
The maddening thing is that it didn't have to be either/or. You could have easily committed to helping homeowners and the banks, but that didn't fit the morality story they wanted to tell. The banks weren't at fault, it was all the people who took out bad loans who were. They had to be punished.