In Absolutely Obvious News: Geithner Has Wall Street on Speed Dial
Oh please, WSJ, way to investigate.
Wall Street on Geithner's Speed Dial (WSJ):
Treasury Secretary Timothy Geithner has kept frequent contact with an exclusive group of Wall Street executives since taking the helm at the Treasury, speaking most often with top officials from Goldman Sachs Group Inc., J.P. Morgan Chase & Co., Citigroup Inc. and BlackRock Inc.
Calendars released by the Treasury Department in response to a Wall Street Journal Freedom of Information Act request show more than 80 contacts between Mr. Geithner and financial titans such as Lloyd Blankfein of Goldman Sachs, James Dimon of J.P. Morgan, Citigroup Chairman Richard Parsons and Laurence Fink of BlackRock from January through July.
It is to be expected that a Treasury secretary would talk to bankers frequently amid a financial crisis, and Mr. Geithner's contact may have played some role in calming the crisis.
Still, the disclosure of Mr. Geithner's contact with top bankers could prove tricky for an administration that has tried to distance itself from the industry.
If I were to wildly speculate here and guess that Mr Geithner is also familiar with how Lord Blankfein's balls feel bouncing off of his chin, would anyone hold it against me?
I really hope this is not surprising to anyone who has been paying the smallest amount of attention.
The Wall Street name that pops up most frequently on Mr. Geithner's calendar is that of Goldman's Mr. Blankfein, whose bank repaid $10 billion in bailout funds this summer. (J.P. Morgan has also repaid its bailout funds.) Mr. Blankfein's name appears 22 times on the calendar, including two in-person meetings and, on May 1, three phone calls. That was around the time the government was preparing to announce results of its so-called stress tests of banks' financial strength. The two men know each other from Mr. Geithner's days as president of the Federal Reserve Bank of New York. A spokesman for Goldman Sachs didn't return a call for comment. A spokesman for J.P. Morgan declined to comment.
What did you people think assistant attache meant? Blankfein's Bitch. *fapfapfap*
You're welcome for the translation.