Monday, February 11, 2013

Connections

Tim Geithner has been named a distinguished fellow at the Council on Foreign Relations.  The chair of the Council is one Robert Rubin, who has been a mentor to Mr. Geithner, as well as a former Treasury Secretary at the time of the repeal of Glass-Steagall and a former muck-a-muck at Citigroup where he pulled down a fairly decent dollar.  But Rubin is not the only financier involved with the Council.  Morris Greenberg of AIG fame is an honorary vice chair.

Do you suppose that the recent bailouts to Citi and AIG had any bearing on the Council's hiring of Mr. Geithner?

Incidentally, I gleaned some of this information from Wall Street on Parade, which seems to take shall we say a different view of Wall Street.

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