By William K. Black
(Cross posted at Benzinga.com)
Remember nine months ago when Timothy Geithner assured us that it was “extremely unlikely” he would take a position on Wall Street?
The media meme when Geithner announced that he was stepping down as Treasury Secretary and taking a position as a “senior fellow” with the Council on Foreign Relations (CFR) was what a superior human he was for not taking a job with Wall Street. The “extremely unlikely” (to no one’s surprise) was announced nine months later. The private equity firm Warburg Pincus has hired Geithner as its President.
