Former Treasury Secretary Cashes In

In YouTube Posts by Hlarson0 Comments

 

Tim Geithner, apparently now tanned and rested after a long six years of financial crisis, is going back to work. The former Treasury secretary and New York Fed chief will be president and managing director of Warburg Pincus, the private equity firm. The brickbats are flying fast…The critique boils down to: Of course Tim Geithner is going to make millions in the private equity business. He has always been a creature of the financial industry, carrying its water in government. And now the financial industry is, in effect, repaying him. Future treasury secretaries will know the lucrative fate the awaits them if they are similarly cooperative with Wall Street mandarins. And the circle of life continues…”.* The Young Turks host Cenk Uygur breaks it down.

*Read more here from Neil Irwin / The Washington Post: http://www.washingtonpost.com/blogs/wonkblog/wp/2013/11/18/tim-geithner-is-cashing-in/

Let’s Build It Together! Join us for the next exciting chapter of TYT and build our next home with us. http://igg.me/at/TYTNetwork

Download audio and video of the full two hour show on-demand + the members-only post game show by becoming a member at http://tytnetwork.com/member-options/. Your membership supports the day to day operations and is vital for our continued success and growth.

Join The Young Turks Network mailing list http://tytnetwork.com/member-options/register-subscriber/

or Support The Young Turks by Subscribing http://www.youtube.com/user/theyoungturks

Like Us on Facebook: http://www.facebook.com/TheYoungTurks
Follow Us on Twitter: http://www.twitter.com/TheYoungTurks

Support TYT for FREE by doing your Amazon shopping through this link (bookmark it!) http://www.amazon.com/?tag=theyoungturks-20

Buy TYT Merch: http://theyoungturks.spreadshirt.com/

Leave a Comment