Geithner Chills More With Goldman's Blankfein Than His Comrades In Congress, But Who Can Blame Him?
Technology Editor, CNBC.com
A recent report reveals Treasury Secretary Timothy Geithner met more times with Goldman Sachs CEO Lloyd Blankfein than with Congressional leaders since Geithner took the position in January of 2009 to March 2010.
The article in theHuffington Post takes a few jabs at Geither, insinuating that he was doing a pretty lousy job during a time when Congress was fumbling through financial regulation legislation, which Geithner played a key role in creating.
A Huffington Post review of Geithner's calendar shows how personally involved he was in Congressional efforts to re-regulate the financial system; how Christina Romer, the former chair of the White House Council of Economic Advisers, slowly faded from the Treasury Secretary's daily log; how Republicans may have a case when they gripe about not being consulted on economic policy; the continuing involvement of former Treasury Secretary and Citigroup chairman Robert Rubin; the revolving door of access shown to former Fed chairman Paul Volcker; and how President Barack Obama's top economic adviser, Larry Summers, was in close contact during the early months of Geithner's tenure but then faded behind White House Chief of Staff Rahm Emanuel as the administration geared up for the pending political battle over financial reform.
Geithner, who apparently met with Blankfein 38 times through March, met with Senate Majority Leader Harry Reid some 35 times and 25 times with House Speaker Nancy Pelosi, during that same time period, according to the article which is based off Geithner's recently released schedule.
Okay, okay, okay I see their point. Geithner probably should have dropped in on Pelosi a few more times or given a few more Republicans a shout out every once and awhile. But to be fair, can we really blame Geithner for preferring to hang out with the head of Goldman rather than members of Congress?
I mean, would you rather hang out with a leader of one of the most successful enterprises in the world or would you rather hang out with the leaders of, well, ahem, Congress? Even if you think Goldman is a "vampire squid" you'd probably rather hang out with the cool vampires than the zombies rats who stalk the Capitol.
Furthermore, as anyone who has ever watched a Congressional hearing where Geithner is testifying could tell you, Congress is not a fan of Geithner's work and they don't like meeting with him anymore than he likes meeting with him. That man has been ripped into by Congressional members on both sides of the aisle more times than Blankfein. In fact, they probably bonded over their brutal Congressional bashings during one or more of their 38 meetings. Well, I'm sure they bonded over that and Geithner's nonexsistent past career at Blankfein's firm.
We're guessing that the Goldman vamps are much kinder to Timmy, probably using their hypnotic stare into glamoring him.