Turn, Turn, Turn: Geithner's Fed appointee cashes out to Goldman

Tim Geithner is bothered that folks somehow lump him in with Goldman Sachs. He never did work there, but it's increasingly easy to understand the mistake. He counts as his mentor Goldman consultant Larry Summers. His Treasury chief of staff is Goldman lobbyist Mark Patterson.

And now, his appointee to the New York Fed, Theo Lubke, who was the Fed's point man on derivatives regulation, has cashed out to Goldman to work on, um, derivates regulation. From Bloomberg:

Goldman Sachs is hiring Lubke five months after Congress mandated the regulation of the $583 trillion over-the-counter derivatives market, which complicated efforts to resolve the financial crisis. The reforms threaten to cut profits at dealers because they will make swaps prices known to the public. Lubke’s new firm employs a former New York Fed president and has an ex- Fed board chairman as a director. The current president of the New York Fed, William Dudley, also worked there.

California’s wildfire warning and the action we need to take

Four actions to prioritize wildfire mitigation and create healthy forests in California

Kratom Powder: All You Need to Know

Kratom has a long history. This herb has been used for centuries in Southeast Asia. It has stayed under the…

By SF Examiner
Opinion: The people – and especially the people of the Tenderloin – want to fund the police

Mayor Breed’s $7.9 million in emergency money to SFPD is not contentious. It’s a Band Aid