Oh, I know that Timmy Geithner was not technically an employee of Goldman, but recall that Mayor Bloomberg–like everyone on Wall Street–presumed he was working for Goldman. And he denied that he was ever a bank regulator, including when he headed the NYFed.
In any case, the top spot at Treasury is traditionally reserved for either Goldman or Citi. Looks like it is Citi this time.
There had been a popular movement to push President Obama to choose Paul Krugman. Interesting idea, but couldn’t happen. The last rumor was that it would be Larry Summers. That would have been an unmitigated disaster. Aside from Alan Greenspan and Bob Rubin, there’s no individual who played a bigger role in creating the Global Financial Crisis. And he’d do it again.
Anyone know where the odds-makers are betting Timmy goes?