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Citi Losing Economist to Treasury ( Counselor for Geithner?)
The Wall Street Journal ^ | MARCH 18, 2009 | DAVID ENRICH

Posted on 03/17/2009 6:58:41 PM PDT by Ernest_at_the_Beach

Citigroup Inc.'s chief economist is leaving the company for a job at the Treasury Department, according to an internal Citigroup memo.

Lewis Alexander, who has been at Citigroup since 1999 and before that worked at the Federal Reserve, will head to the Treasury "to work on domestic financial issues," said the Citigroup memo, which was sent Tuesday.

According to a government official, Mr. Alexander will be a counselor to Treasury Secretary Timothy Geithner. Mr. Alexander and a Treasury spokesman weren't available to comment Tuesday. A Citigroup spokesman declined to elaborate on the company's memo.

Mr. Alexander, who was the Commerce Department's chief economist from 1993 through 1996, is joining the Treasury at a time when the department is scrambling to beef up its ranks of senior officials. The staff shortage has fostered doubts on Wall Street and in Washington about the Obama administration's ability to get its arms around the financial crisis.

The Obama administration so far has largely avoided tapping Wall Street officials for senior spots at the Treasury, wary of stoking the mounting political backlash surrounding the federal bailouts of the finance industry. That has irked top executives at some banks, who say they can't get an audience with top Treasury officials.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Extended News; Government; News/Current Events
KEYWORDS: geithner; obama

1 posted on 03/17/2009 6:58:42 PM PDT by Ernest_at_the_Beach
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To: Ernest_at_the_Beach

It’s all in the family.


2 posted on 03/17/2009 6:59:41 PM PDT by freekitty (Give me back my conservative vote.)
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To: Ernest_at_the_Beach
What a circus!

"Clowns to the left of me, jokers to the right..."

3 posted on 03/17/2009 7:00:25 PM PDT by FlingWingFlyer (Just being a "U.S. citizen" does not make one an American.)
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To: Ernest_at_the_Beach

4 posted on 03/17/2009 7:03:40 PM PDT by M203M4 (A rainbow-excreting government-cheese-pie-eating unicorn in every pot.)
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To: Ernest_at_the_Beach

Another tax cheat???


5 posted on 03/17/2009 7:03:57 PM PDT by Leo Carpathian (fffffFRrrreeeeepppeeee-ssed!)
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To: Ernest_at_the_Beach

I guess they should have paid him a bigger bonus, if they wanted to keep him.


6 posted on 03/17/2009 7:04:11 PM PDT by proxy_user
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To: FlingWingFlyer

With a team of “winners” like this it can only be a matter of days before Treasury hires the coaching staff of the Detroit Lions.


7 posted on 03/17/2009 7:04:47 PM PDT by USNBandit (sarcasm engaged at all times)
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To: FlingWingFlyer
"Clowns to the left of me, jokers to the right..."

Bunch Of Clowns!: Click the Pic
Click the Pic

8 posted on 03/17/2009 7:05:46 PM PDT by Fiddlstix (Warning! This Is A Subliminal Tagline! Read it at your own risk!(Presented by TagLines R US))
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To: Ernest_at_the_Beach

Citigroup’s chief economist? No thanks.


9 posted on 03/17/2009 7:06:27 PM PDT by Jim Robinson
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To: Ernest_at_the_Beach

Excellent. This guy is going to do for the Treasury what he did for Citigroup - bring it to the point of liquidation.


10 posted on 03/17/2009 7:07:24 PM PDT by Zhang Fei
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To: Jim Robinson
Related threads:

White House confident in Treasury's oversight

AND

Kudlow Warns Obama Treasury Secretary Geithner's 'Days May Be Numbered'

************************************

AND A BIG .....Hmmmmm.......

11 posted on 03/17/2009 7:10:37 PM PDT by Ernest_at_the_Beach (What happened to my IRAs)
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To: Ernest_at_the_Beach

If only Willy Sutton were alive today, he would be perfect for Obutthead’s cabinet.


12 posted on 03/17/2009 7:11:24 PM PDT by Nachoman (Think of life as an adventure you don't survive.)
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To: Nachoman
LOL. This administration looks for prov-en losers.
13 posted on 03/17/2009 7:16:05 PM PDT by scooby321
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To: Ernest_at_the_Beach

Well that makes me feel better. /sarc


14 posted on 03/17/2009 7:16:12 PM PDT by dawn53
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To: Ernest_at_the_Beach

Not a counselor...just another loser playmate.


15 posted on 03/17/2009 7:23:59 PM PDT by Sequoyah101 (Get the bats and light the hay)
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To: Ernest_at_the_Beach

I feel like my head is exploding.... is that a bad thing.

drip

drip

drip


16 posted on 03/17/2009 7:39:43 PM PDT by Gator113 (For America to Survive, Obama Must Fail..... Obama=Failure in Chief with the Audacity of Dope.....)
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To: Leo Carpathian

a consigliere


17 posted on 03/17/2009 8:35:35 PM PDT by xp38
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To: Ernest_at_the_Beach

Well, if that ain’t the wolf guarding the hen house!

Oh, well, birds of a feather, and all that.


18 posted on 03/17/2009 9:03:09 PM PDT by papasmurf (Trow da' bum out!)
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To: Ernest_at_the_Beach
Folks, you just can't make this sh*t up...

The chief economist for Citibank...?? WTF??

19 posted on 03/19/2009 4:48:23 PM PDT by Cyropaedia ("Virtue cannot separate itself from reality without becoming a principal of evil...".)
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