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Report: Orszag, Obama’s Ex-Budget Wonk, Chatting with Citi
wsj ^ | 12/1/10 | Matt Phillips

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 firm’s 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.

(Excerpt) Read more at ...

TOPICS: Crime/Corruption; News/Current Events
KEYWORDS: citigroup; discuss; hiring; orszag
Crime pays
1 posted on 12/01/2010 2:19:49 PM PST by Nachum
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

2 posted on 12/01/2010 2:20:30 PM PST by Nachum (The complete Obama list at
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To: Nachum

only in the short term.... not in the long term.. which is where we all end up....

3 posted on 12/01/2010 2:20:49 PM PST by bareford101 (For me, there is no difference in a tolerant, open mind and a cess pool. Both are open to filth.)
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Comment #4 Removed by Moderator

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