Geithner to banks: Kneel before Zod

“If, in the future, banks need exceptional assistance in order to get through this, then we’ll make sure that assistance comes with conditions, not just to protect the taxpayer but to make sure this is the kind of restructuring necessary for them to emerge stronger,” he told “Face the Nation” on CBS. “And where that requires a change of management of the board, we’ll do that.”…

Asked if chief executives of big banks such as Citibank and Bank of America should worry about their jobs if their companies don’t improve their performance, Geithner said the government would not shy from such a restructuring.

“Where that’s necessary, where it meets the test, where it’s necessary to do what we … exist to do, which is to make sure that this financial system supports recovery and the banks emerge stronger,” Geithner said.