Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Former Treasury Secretary Cashes In
Posted
November 19, 2013
Views
32,106
Likes
811
Comments
95
Engagement
2.82%
November 19, 2013
32,106
811
95
2.82%
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5:54Now PlayingTim 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
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