Well-Known Pundit Challenges Geithner to Debate; Voices Concern over Bailout

"Saying that the nation’s system of checks and balances means being open to answering hard questions, well-known financial commentator and risk analyst Christopher Whalen sent a letter last week to New York Fed president Timothy Geithner, challenging the soon-to-be Treasury chief to a debate on the bailout and regulatory model that should be used as Barack Obama prepares to take office in January."