Tim Geithner and the Revolving Door

The news that Tim Geithner, the former U.S. Treasury Secretary, was hired as president of the private-equity firm Warburg Pincus has inspired a lot of commentary about the “revolving door” between government and Wall Street. Some have wondered what Geithner’s move to Wall Street suggests about his independence during a powerful twenty-five-year career in the U.S. government. Here’s a confession: I’ve been through that revolving door myself. During twelve years in the U.S. financial sector, I went back and forth between the two worlds, working sometimes as a government official and, at other times, as a Wall Street executive.

Timothy Geithner Implemented Regulation That Went Easy On The Private Equity Industry; Now He's Going To Work For It

Private equity giants fought hard while debating Wall Street reform to make sure new rules that applied to investment banks left them exempt -- and the resulting Dodd-Frank legislation met their demands in a variety of ways.

Now former Treasury Secretary Timothy Geithner, who oversaw the passage and implementation of the law that gave private equity a competitive advantage, is joining the private equity industry.

Bloomberg Terminal Spying Targeted Ben Bernanke, Tim Geithner: CNBC

The Bloomberg terminal spying scandal has reached new heights, CNBC reports.

A former Bloomberg employee told CNBC that he accessed information on the terminals of Federal Reserve chairman Ben Bernanke and former Treasury Secretary Tim Geithner. The employee didn't say specifically what he was looking at, but that it concerned usage of specific functions.

Lew Won't Adopt Geithner's Stand Against Wall Street Deregulation Bills

Last year, then-Treasury Secretary Tim Geithner slammed a series of bills that would have deregulated Wall Street banks. But this year, as a slate of nearly identical bills is being considered by the House Financial Services Committee, newly minted Treasury Secretary Jack Lew has declined to oppose them.

The bills are presented as technical fixes to the 2010 Dodd-Frank Financial Reform Act, which was aimed at preventing another 2008-style financial crisis. Most of them aren't. One bill would allow certain derivatives that are traded among a corporation's various affiliates to be exempt from almost all new Dodd-Frank regulations. Another measure would expand the types of trading risks that banks can take on. Yet a third bill would allow big multinational US banks to escape US regulations by operating through international arms. Etc. Etc.