The Revolving Door Spins Again As Another Former Regulator Cashes In

 

“Former Treasury Secretary Tim Geithner’s spin through the revolving door at to cash in on his ‘public service’ will enrich himself, further erode public confidence in government and give the finance industry more access and influence at the highest levels of government worldwide. Proving his critics right, Geithner will now be richly rewarded by the very industry he worked so hard as a public official to bail out with taxpayer money and which he was supposed to regulate but did not,” said Dennis Kelleher, President and CEO of Better Markets, a nonprofit organization that promotes the public interest in the financial markets.

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Better Markets is an independent, nonprofit, nonpartisan organization that promotes the public interest in financial reform in the domestic and global capital and commodity markets. Better Markets advocates for transparency, oversight and accountability with the goal of a stronger, safer financial system that is less prone to crisis and failure thereby eliminating or minimizing the need for more taxpayer funded bailouts. To learn more, visit www.bettermarkets.com.