Little Timmy Geithner Is Above Ethics, Obviously
Or not obviously, depending on how you feel about the subject of ethics.
The Daily Beast reports on Timmy's latest ethical faux pas:
The bank, JPMorgan Chase, has just rehired one of Geithner’s oldest and dearest friends, Daniel Zelikow, as a top executive, only a year after the Treasury secretary moved out of his rent-free accommodations in Zelikow’s $3.5 million Washington townhouse.
Geithner lived with Zelikow’s family in the six-bedroom house, which is next door to the residence of the ambassador of Monaco and not far from the home of Secretary of State Hillary Clinton, during most of his first eight months running the Treasury Department. At that time, Geithner was overseeing the bailout of several huge Wall Street banks, including JPMorgan, which received $25 billion in federal rescue funds from the TARP program.
Zelikow, a friend of Geithner’s since they were classmates at Dartmouth College in the early 1980s, begins work this month running JPMorgan’s new 12-member International Public Sector Group, which will develop foreign governments as clients.
Spokesmen for the Treasury Department and JPMorgan would not comment for The Daily Beast on how Zelikow’s return to the megabank might affect the Treasury secretary’s dealings with JPMorgan.
What, Geithner couldn't use his family's ties to find him a free place to squat in DC that wouldn't make him look like a complete unethical idiot?
As The Daily Beast points out, what Geithner did is not necessarily wrong or unethical in the technical sense of the word since he got approval from the Treasury Department (natch) beforehand and JP Morgan had paid back bailout money Geithner was supposed to have his eye on before his buddy Zelikow was rehired. But for a man who is disliked by the populace and already a few strikes down for his tax troubles and previously questioned ethical fortitude, you'd think the guy would get smart and realize every move is under scrutiny. Of course he is the worst sort of narcissist and believes he can do no wrong and if he does the sheeple are too stupid to notice.
Can someone please fire this prick already?