Last week Jon Cowan, president of think tank Third Way, and Jim Kessler, Third Way’s senior vice president for policy, co-authored a Wall Street Journal op-ed blasting Senator Elizabeth Warren’s progressive economic agenda as irresponsible and even reckless. Third Way’s position should come as no surprise to those familiar with the think tank. Just a …
Tag: citigroup
Geithner does the Rubin Shuffle
The cooling-off period is over for former Treasury Secretary Tim Geithner, who is joining the private equity firm Warburg Pincus as president and managing director. Geithner had initially joined the Council on Foreign Relations as a senior fellow after leaving the Treasury Department early this year. He had taken several plum speaking engagements at Wall …
Citigroup’s dance with Dubai
While the American economy sank, Citigroup put US taxpayer money to work helping to sustain the Dubai bubble. In December 2008, just weeks after Citigroup needed a second government bailout on top of the $25 billion it received through TARP, the bank made an $8 billion loan to Dubai. It is believed to have $1.9 billion …