Geithner has determined that the only people who can do the basic work in evaluating the banks are people who have spent most of their careers working for the banks in some capacity - employee, attorney, consultant, etc. - and are still working with the banks. It is these people who talk with Geithner & Co. often to give the Treasury the benefit of their opinions and advice. But we should not worry as these firms have a "Chinese Wall" which prevents their work with the government from influencing their non-government work. If you believe that, I have a bridge to sell you.
Elana Schor has an excellent article in The Washington Independent that names names with regard to this issue. She also reminds us of another useful technique of the Resolution Trust Corporation - audit the contractors to ensure that there is no actual conflict of interest.
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