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...anticapitalist rhetoric" to "extract their pound of flesh from the Street" - even making excuses for the megabankers who no-showed a recent White House meeting with Obama. ("I wouldn't say they blew him off," said one Treasury aide.) Geithner has opposed proposals to tax Wall Street bonuses as well as financial transactions, infuriating the left. And he made quite a few of those how-can-we-help calls to floundering bankers when he was at the Fed, providing a juicy target for the right...

Author: /time Magazine | Title: Can Bashing the Banks Help Obama? | 1/28/2010 | See Source »

...meltdown, from unregulated brokers who peddled toxic subprime mortgages with brutal fine print to in-the-tank ratings agencies that vouched for house-of-cards financial instruments they didn't even understand. He proposed much tougher oversight of derivatives, hedge funds and nonbank financial firms like AIG, as well as so-called resolution authority to help public officials wind down failed behemoths like Lehman Brothers during a crisis without triggering a panic. Geithner then shipped hundreds of pages of legislative language to the Hill...

Author: /time Magazine | Title: Can Bashing the Banks Help Obama? | 1/28/2010 | See Source »

...search of local fare. You're never far from some family-run enterprise serving such local favorites as lagman (a hearty noodle stew), plov (rice with fried meat, onions and carrots) and kebabs. The Bakit Restaurant, at 214 Sovietskaya Street, is one of the best. With stomach well lined, move on to Fatboys on Chuy Avenue, tel: (996-312) 62 31 28, for a welcoming shot of vodka and rub shoulders with the diverse clientele of locals, NGO workers and American...

Author: /time Magazine | Title: A Weekend in Bishkek | 1/28/2010 | See Source »

...After the excitement, head to the nearby Osh Bazaar for some retail therapy. There, traders from the conservative south of the country, as well as neighboring Uzbekistan, sell fake Armani T-shirts, cell phones and pirated DVDs, as well as carpets, the occasional komuz (a guitar-like instrument) and rows of kolpak (traditional felt hats...

Author: /time Magazine | Title: A Weekend in Bishkek | 1/28/2010 | See Source »

...didn't refuel at one of the market's food stalls, head back to the city center for a meal at Chaikhana Jalal-Abad, tel: (996-312) 61 00 83, which deals in southern Kyrgyz cuisine and offers fine larzuro (beef and vegetables) as well as unsurpassed people-watching. Order a pot of tea, settle back on your tapchan - the perfect combination of bed and dinner table - and let the world go by. Later in the evening, swing by the Stari (Old) Edgar jazz bar in Dubovy Park for free-flowing booze and blues until the early hours...

Author: /time Magazine | Title: A Weekend in Bishkek | 1/28/2010 | See Source »

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