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 ...
It’s all in the family.
"Clowns to the left of me, jokers to the right..."
Another tax cheat???
I guess they should have paid him a bigger bonus, if they wanted to keep him.
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.
Click the Pic
Citigroup’s chief economist? No thanks.
Excellent. This guy is going to do for the Treasury what he did for Citigroup - bring it to the point of liquidation.
White House confident in Treasury's oversight
AND
Kudlow Warns Obama Treasury Secretary Geithner's 'Days May Be Numbered'
************************************
AND A BIG .....Hmmmmm.......
If only Willy Sutton were alive today, he would be perfect for Obutthead’s cabinet.
Well that makes me feel better. /sarc
Not a counselor...just another loser playmate.
I feel like my head is exploding.... is that a bad thing.
drip
drip
drip
a consigliere
Well, if that ain’t the wolf guarding the hen house!
Oh, well, birds of a feather, and all that.
The chief economist for Citibank...?? WTF??
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
