3 Wood could probably explain Gregg’s comments better but I’ll take a stab at it…..
He’s saying that Geitner and the Federal Reserve are doing a good job at stabilizing the banking system. As far as I know they are responsible for lowering interest rates and the plan to buy up the toxic assets (bad bank loans) from the banks.

He criticizes Obama’s stimulus, which gave money to things other than the banks, and Obama’s budget.

I strongly suspect his doom and gloom opinion of Obama’s budget is a bit overblown.