01 December 2010

Yeah, Barack Obama is Shutting Down the Revolving Door……

Former White House Budget Director Peter Orzag is going to work for Citi's investment banking income:
Citigroup Inc., recovering from its $45 billion bailout in 2008, is in advanced talks to hire former White House Budget Director Peter Orszag, people with knowledge of the matter said.

Orszag, 41, may take a job in the New York-based firm’s investment-banking division, the people said, declining to be identified because the discussions are private. An announcement may come as early as today, one of the people said.
I wonder what he did at the White House to get the back end payoff from Wall Street now, and I am not feeling hopey changey right now.


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