I look forward to Geithner bringing the Obama approach to private equity to Warbug Pincus. No layoffs, ever. #Bain
— James Pethokoukis (@JimPethokoukis) November 16, 2013
Well, well, well. File this under “Cashin’ In.” Former Obama Treasury Secretary Tim Geithner is transitioning from “public service” to leveraged-buyout land. After serving in the administration that perfected the art of anti-Wall Street demagoguery in its attacks on Mitt Romney, Geithner is climbing aboard the private equity bandwagon. He’s joining the firm of Warburg Pincus.
Former Treasury Secretary Timothy Geithner is joining private-equity firm Warburg Pincus. http://t.co/Teruzciwfx
— Wall Street Journal (@WSJ) November 16, 2013
Shocked faces all around.
@WSJ revolving door is alive and well!
— ZIC (@Z_ICC) November 16, 2013
— Jonathan Groves (@grovesprof) November 16, 2013
— Derek Hunter (@derekahunter) November 16, 2013
washington/wall street revolving door
— Jeffrey Flier (@jflier) November 16, 2013
@WSJ Geithner gets his payoff, is named a Syndicate Made Man.
— Wall Street Examiner (@Lee_Adler) November 16, 2013
Cronyism: The best kind of job security.
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