You know that old saying ” when you point the finger at someone, the rest of the fingers are pointing back at you”

Heh!  Or is that "gulp"?

Who’s asleep?

The AP reports:

President-elect Barack Obama says the government has been "asleep at the switch" when it comes to overseeing the nation’s financial system.

He says Americans are "feeling frustrated that there’s not a lot of adult supervision."

A smart but snarky friend points out:

You might appreciate the irony that Citigroup’s primary federal regulator is Timothy Geithner.

If case you have forgotten already,  Mr. Geithner has been the President of the Federal Reserve Bank of New York.  He has been chosen to be President-Elect Obama’s new Secretary of the Treasury.

 So, asleep at the switch from the get-go?

(H/T: Greg Mankiw)