NEW YORK (CNNMoney.com) - Former Obama administration budget director Peter Orszag is joining Citigroup's global banking division, the bank said Thursday.
Orszag will hold the title of vice chairman, and has been tapped to serve in the bank's Senior Strategic Advisory Group, which includes some of Citi's (C, Fortune 500) most senior bankers.
Citi wasn't having enough problems without hiring this dolt? I'm sure he was hired for his contacts in the administration, not for his competence.
The banks owe all of Obama's Administration and the Democrats in congress big time! We will not see loans or jobs from the bailout billions across America, but we had better see some cushy jobs for those Democrats when we throw them all out of office! I would hate to see all those taxpayer dollars just go to waste.
Of course Citi would hire him. After all the Obama administration gave Citi billions of dollars as a bail out. Now they owe the Obama people for helping them get these funds.
There's no revolving door between Washington and Wall Street. No, of course not. More proof that democracy is dead. Long live the plutocrats!