Geithner Will Work For Wall Street Not On It
And the circle is complete.
Tim Geithner’s first post-Treasury Secretary job will be as a “distinguished fellow” at the Council On Foreign Relations. For the uninitiated, the Council On Foreign Relations is a more or less open conspiracy to use the American government as a vessel for advancing Big Business’ interests abroad. CFR represents America’s commercial oligarchy in all its glory. And as the power has shifted within the American business community to finance capital so too has CFR come to be dominated by Wall Street’s agenda and personnel.
Geither will be working under his old pal and boss Robert Rubin who is Co-Chairman of CFR. Geithner worked for Rubin during the Clinton Administration helping to end Glass-Steagall to allow Citibank and Travels Group merge into Citigroup. Rubin, already wealthy from previously being the CEO of Goldman Sachs, left his government post to work for the newly authorized Citigroup ultimately making over $100 million.
Geithner will also be working with another old pal Maurice Greenberg who is an Honorary Vice Chairman of CFR. Greenberg was Chairman and CEO of AIG. Geithner came under fire for his handling of the AIG bailout because of the extremely favorable terms he offered. Greenberg is a major fixture at CFR with a think tank named after him – the Maurice R. Greenberg Center for Geoeconomic Studies.
I wonder who recommended Geithener for his new job?
Though being a fellow at CFR does not warrant a huge pay day, Geithner has found another avenue for those riches – he is writing a book.
Former Treasury Secretary Timothy Geithner will write a book focusing on his response to the financial crisis, The Associated Press has learned.
Geithner, 51, will be represented by Washington-based attorney Robert Barnett, who confirmed Wednesday that Geithner would be meeting with publishers, but otherwise declined comment. Barnett has negotiated deals for President Barack Obama, former Secretary of State Hillary Rodham Clinton and many others. Clinton said recently that she hoped to write a book.
Geithner did his job well protecting the powerful from the justice of the courts and marketplace, surely he has earned his cushy job and lucrative book deal.
Photo by Treasury Department under Public Domain