Wednesday, December 18, 2013

The National Memo » The Washington-Wall Street Mutual Backscratching Society

The National Memo » The Washington-Wall Street Mutual Backscratching Society

Timmy Geithner has landed.

The Secretary of the Treasury in President Obama’s first term resigned early this year, and we lost track of him for months. But in November, Geithner reappeared, having spun himself through Washington’s revolving door — whoosh, whoosh, whoosh — and flung himself all the way up to Wall Street, landing softly in the cushy quarters of Warburg Pincus, one of America’s top 10 private-equity empires. Yes, the guy who was responsible for rescuing and regulating Wall Street’s too-big-to-fail, multibillion-dollar, financial casinos is now president of one.

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