So Not a Surprise

Geithner defended Wall Street and prevented any real consequences for their actions, and now he gets his back end bribe for doing this:

Timothy F. Geithner will join the private equity firm Warburg Pincus as president, the firm announced on Saturday. It would be his first prominent position since leaving office as Treasury secretary this year.

The unusually low-key announcement — made with little fanfare on a Saturday morning — is Mr. Geithner’s first foray into the private sector in 25 years, after serving in the Treasury Department, the International Monetary Fund and the Federal Reserve Bank of New York.

As president of the New York Fed in 2008, Mr. Geithner helped lead the federal government’s response to the financial crisis, including the sale of Bear Stearns and the bailout of the American International Group.

………

Mr. Geithner follows in the path of past Treasury secretaries who, after leaving government, have accepted lucrative Wall Street posts. After leaving the Clinton administration, Robert E. Rubin joined Citigroup. And John W. Snow, a Treasury secretary in the George W. Bush administration, joined the private equity firm Cerberus.

Note that Geithner has never worked as an investment banker or stock broker, and he's president of a private equity firm.

This is a payment for not rocking the boat, and f%$#ing the average American in the mortgage crisis.

And any future regulator knows that if they do right by the banksters, the banksters can throw them some multimillion dollar crumbs when they leave government service.