Well, well, well. File this under “Cashin’ In.” Former Obama Treasury Secretary Tim Geithner is transitioning from “public service” to leveraged-buyout land. After serving in the administration that perfected the art of anti-Wall Street demagoguery in its attacks on Mitt Romney, Geithner is climbing aboard the private equity bandwagon. He’s joining the firm of Warburg Pincus.
Shocked faces all around.
Cronyism: The best kind of job security.