Skip to comments.Report: Orszag, Obama’s Ex-Budget Wonk, Chatting with Citi
Posted on 12/01/2010 2:19:45 PM PST by Nachum
The Washington to Wall Street revolving door spins on, Bloomie reports:
Citigroup Inc., recovering from its $45 billion bailout in 2008, is in advanced talks to hire former White House Budget Director Peter Orszag, people with knowledge of the matter said.
Orszag, 41, may take a job in the New York-based firms investment-banking division, the people said, declining to be identified because the discussions are private. An announcement may come as early as today, one of the people said.
Of course, there is a well-trampled trail between the White House and Citigroup, most prominently traveled by Clinton administration Treasury Secretary Robert Rubin, who became a director and senior counselor for Citigroup. He left the bank in January 2009 after being blamed by some for pushing Citigroup to rev up risk-taking as the housing and derivatives bubbles expanded.
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The list, ping
Let me know if you would like to be on or off the ping list
only in the short term.... not in the long term.. which is where we all end up....
In fairness, Orszag isnt Rubin and his possible future at Citigroup is his own to make. Hes got a pretty impressive CV.
Oh very impressive:
Budget Director Peter Orszags former girlfriend, shipping heiress Claire Milonas, gave birth to his daughter six weeks before Orszag announced his engagement to ABC News reporter Bianna Golodryga on Dec. 29.
What a cad. With a resume like that, he couldnt help Obama fornicate America any further?
Wouldnt want to penalize us with a baby!.
This guy makes Rubin (who shilled for Exxon) look like a saint. Maybe Citibank can make him get a vasectomy as part of his contract (or at least pay him in condoms).