Then there is this ...
Frank wanted some funds from the Troubled Asset Relief Program (TARP) to be used to boost the housing market. He had asked Treasury Secretary Hank Paulson, “the last man home” in the Bush White House, to use the funds to push banks to provide mortgage relief, but said he would only do it if the president-elect’s team asked for it.
The Obama team refused to ask, and it didn’t happen.
“During the critical period when the TARP was being administered, there was a vacuum of political leadership,” said Frank. “At one point, Obama said, ‘Well, we only have one president at a time.’ I said I was afraid that overstated the number of presidents. We had no president.”