Thursday, October 08, 2009
AP Finds Out Who Geithner's "Favorites" Are
The Associated Press reviewed seven months of Treasury Secretary Timothy Geithner's appointment calendars and found he talks to executives from Citigroup, Inc., JPMorgan Chase & Co. and Goldman Sachs Group Inc. frequently, sometimes several times a day. These executives had the ear of the Treasury Secretary more often than Senate Banking Committee Chair Christopher Dodd (D-Conn) or Rep. Barney Frank (D-Mass) who lead the effort to approve Geithner's overhaul of the financial system.
As BusinessWeek notes, "There is nothing inherently wrong with senior Treasury Department officials speaking regularly with industry executives, or even with the secretary keeping tabs on the market's biggest players, even though critics say Geithner risks succumbing too much to these bankers' self-interested worldview."
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