Friday, April 3, 2009
Citigroup Saves Treasury
"Citigroup Inc.'s chief economist is leaving the company for a job at the Tresury Department, according to an internal Citigroup memo. Lewis Alexander, who has been at Citigroup since 1999 and before that worked at the [Fed], will head to the Treasury 'to work on domestic financial issues,' said the Citigroup memo, which was sent Tuesday," David Enrich at the WSJ, 18 March 2009.
The revolving door revolves once more. Isn't Citigroup helpful, giving the US a real "expert" like Alexander? Is this the Citigroup that got $350 billion in federal bailouts? I suppose Treasury could have made a worse choice. It could have brought on another "former" Goldman Sachs guy.