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Entry Event: Tim Geithner To Join Private Equity Giant Warburg Pincus

Tyler Durden's picture





 

When Tim Geithner announced his departure from the US Treasury in January, the only question was how long would it take the former NY Fed head to get a job with the only industry that he cared about as either a Fed or Treasury official: Wall Street. Tim did his best to diffuse such speculation with amusing stories about writing books, which were accentuated by his refusal to join the Fed chairmanship race. Why not? After all there was nobody that Wall Street would benefit more from as the head of the Fed than TurboTax Tim. Today, less than a year after his exit from public service, the answer has presented itself - Tim Geithner is joining private equity titan Warburg Pincus, his first private sector job in decades since working for Henry Kissinger early in his career.

The WSJ broke the story:

Former U.S. Treasury Secretary Timothy Geithner, one of the architects of the federal government's rescue of the financial system, is joining private-equity firm Warburg Pincus LLC.

 

Mr. Geithner, who has spent most of his career outside the private sector, said in an interview he plans to start in March at the New York-based firm, known for its role in buyouts of companies including eye-care firm Bausch & Lomb Inc., luxury retailer Neiman Marcus Group Inc. and stadium concessionaire Aramark Corp.

 

At Warburg, he will serve as president and managing director, not the kind of figurehead or advisory positions that public-sector figures often land after government stints. Mr. Geithner, 52 years old, is expected to work on mapping the firm's strategy and management, investor relations and on matters related to the firm's investments.

 

"When they approached me, they clearly wanted me to play a substantive role in helping them manage the firm," he said. Citing the firm's global reach and "low-key" nature, he said Warburg is "culturally very compatible with what I was looking for."

 

Warburg Co-Chief Executive Charles Kaye said Mr. Geithner will be "absolutely a full-time member of the partnership. He will very much be here every day." Mr. Geithner will report directly to the co-CEOs.

The revolving door into private equity is a staple for former government workers, who have worked on behalf of Wall Street, if not Main Street, for the entire careers, and upon their "reitrement" comes the time to get paid. "Earlier this year, KKR & Co. tapped David Petraeus, the former general and Central Intelligence Agency chief, to lead an internal team focused on macroeconomic forecasting and public policy. Former Vice President Dan Quayle and former Treasury Secretary John Snow work for Cerberus Capital Management LP. Carlyle Group LP has enlisted many officials from the Bush and Clinton administrations, including former Secretary of State James Baker III, in advisory roles."

How much would Tim Geithner get paid? It is not immediately unclear: "Warburg Pincus declined to discuss Mr. Geithner's compensation, but it said he would be a partner and invest in its funds." What is clear is that his all in comp would be order of magnitude greater than the paltry $190,000 he was getting when providing trillions in taxpayer funds to bailout the Wall Street oligarchy, among which firms like Warburg Pincus.

In the end, the narrative goes, it was a choice between a book and a job paying millions.

Mr. Geithner has long considered a career in investing once his days in Washington ended. He has been reluctant to take a job with any banks, which he once regulated, and views private-equity firms and other investment managers as different from the institutions he oversaw as New York Fed chief.

 

Mr. Geithner had been weighing job options while writing an account of the financial crisis, due out next year.

 

In August, Mr. Kaye and Joseph Landy, Warburg's other co-chief executive, reached out to Mr. Geithner through a mutual acquaintance. A series of meetings at Warburg's Lexington Avenue headquarters and Manhattan restaurants followed, Mr. Landy said.

The best news: since carried interest tax rates are as low as ever with the PE lobby prevailing as usual over the the hypocritical calls of the "Patriotic Millionaires" to raise income tax for the rich (if not so much tax on assets or carried interest) not even TurboTax will be able to confuse the $0.00 in the "amount owed" line.

In conclusion we extend our sincerest congratulations to Mr. Geithner. After all, injustice once again prevails, and the man who now documentedly leaked Fed secrets to Wall Street has finally gotten his comeuppance.

Recall from "Did Tim Geithner Leak Every Fed Announcement To The Banks"

On August 17, 2007, the Fed's Board of Governors announced a key change to primary credit lending terms, whereby the discount rate was cut by 50 bp — to 5.75% from 6.25% — and the term of loans was extended from overnight to up to thirty days. This reduced the spread of the primary credit rate over the fed funds rate from 100 basis points to 50 basis points. News of the emergency measure was supposed to be kept secret from market participants as it was substantially market moving. It wasn't. And just when we thought our opinion of the outgoing Treasury Secretary and former NY Fed head Tim Geithner, whose TurboTax incompetence is now legendary, couldn't get lower, it got lower. Much lower.

From the August 16, 2007 transcript (page 13 of 37) of the conference call preceding this announcement.

MR. LACKER. If I could just follow up on that, Mr. Chairman.

 

CHAIRMAN BERNANKE. Yes, go ahead.

 

MR. LACKER. Vice Chairman Geithner, did you say that [the banks] are unaware of what we’re considering or what we might be doing with the discount rate?

 

VICE CHAIRMAN GEITHNER. Yes.

 

MR. LACKER. Vice Chairman Geithner, I spoke with Ken Lewis, President and CEO of Bank of America, this afternoon, and he said that he appreciated what Tim Geithner was arranging by way of changes in the discount facility. So my information is different from that.

 

CHAIRMAN BERNANKE. Okay. Thank you. Go ahead, Vice Chairman Geithner.

 

VICE CHAIRMAN GEITHNER. Well, I cannot speak for Ken Lewis, but I think they have sought to see whether they could understand a little more clearly the scope of their rights and our current policy with respect to the window. The only thing I’ve done is to try to help them understand—and I’m sure that’s been true across the System—what the scope of that is because these people generally don’t use the window and they don’t really understand in some sense what it’s about.

At least we now know who the bankers' mole on the FOMC was before, as gratitude for his services, he was promoted to Treasury Secretary of the US. Because if he leaked one, he leaked them all.

* * *

And now that he is no longer beholden to the "American People" it's truly time to get paid.

 


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Sat, 11/16/2013 - 11:07 | Link to Comment mrdenis
mrdenis's picture

I guess this means he can go back to being a tax dodger as well........

Sat, 11/16/2013 - 11:17 | Link to Comment Stackers
Stackers's picture

stadium concessionaire Aramark Corp.

 

So that is what they are calling monoply running ass rapers now ?

Sat, 11/16/2013 - 11:24 | Link to Comment Obese-Redneck
Obese-Redneck's picture

This just in: ex-chief Kessler to join hedge fund security team called Sphinctus Reemus, whose main partner is Ted Nugget

Sat, 11/16/2013 - 13:27 | Link to Comment Rick Blaine
Rick Blaine's picture

Good for Warburg...

I'm sure Geithner's honesty, people skills, and overall intelligence will serve them well.

He's a great man.

 

(Do I really have to put a "sarc" tag on that?)

Sat, 11/16/2013 - 13:38 | Link to Comment eatthebanksters
eatthebanksters's picture

Let's see how long it takes him to fuck this one up...

Sat, 11/16/2013 - 13:55 | Link to Comment Bastiat
Bastiat's picture

Little Timmy short pants gets his payday.

Sat, 11/16/2013 - 14:04 | Link to Comment Say What Again
Say What Again's picture

Something tells me that most of his paycheck will be derived from Goldman Slacks.

That's why they call it the "derivative market."

Sat, 11/16/2013 - 15:21 | Link to Comment knukles
knukles's picture

Wow.

Talk about the measure of the man

A second class Secretary of the Treasury ends up at a second tier buyout firm.
Reminds me of Neal Kashncarry form Treasury's TARP days (pre GS VP, which is not too illustrious as everybody buy Lloyd's secretary's dog is a VP at Goldilocks) gets sent to PIMPCO to head up an international equity team.
To which Billy Gross had to say; "You mean after all you've done for me, I have to deal with this shit?"

Poor Timmah, probably to be buried in a pauper's grave on Hart Island off NYC....

Sat, 11/16/2013 - 17:47 | Link to Comment AldousHuxley
AldousHuxley's picture

second tier?

 

Warburg pincus founded by eric warburg

His father Max Warburg was director at MM Warburg & CO founded by his family in 1798.

The warburg family still owns the bank, so Pincus is just a New York shell of a branch of German dynasty.

Family includes Paul Warburg, the father of Federal Reserve.

 

Geithner is just working for the Warburgs who have purchased insider knowledge in US Treasury long term roadmap which will impact Warburg's international investments in Asia.  

They have been playing this game longer than Goldmans or the Morgans.

 

 

Sat, 11/16/2013 - 20:12 | Link to Comment aVileRat
aVileRat's picture

Check out the Sigmund Warburg biography.

SGW lost alot of their prestige in the 1955 to 1970 restructuring of private capital. The Pincus merger took them out of the game for most of the 1980's and allowed KKR, Blackstone and Carlyle to make significant inroads into the old boys club via bootstrap finance.

 

Sat, 11/16/2013 - 21:38 | Link to Comment AldousHuxley
AldousHuxley's picture

Yes Swiss bank giant UBS used to be called UBS Warburg.

The Warburgs are the other Rothschilds.

So ex-US Treasury official joins to manage Warburg wealth...just like ex-central banker Paul Volcker managed Rockefeller's wealth from Room 5600.

 

 

Sun, 11/17/2013 - 00:47 | Link to Comment ajax
ajax's picture

 

 

 

"The Warburgs are the other Rothschilds."

Niall Ferguson wrote a book about Siegmund Warburg:"High Financier: The Lives and Time of Siegmund Warburg"

http://c-spanvideo.org/program/HighF

Will Geithner be asked to refrain from dropping his much celebrated F-bombs now?

 

 

Sun, 11/17/2013 - 10:05 | Link to Comment failure to perform
failure to perform's picture

My thoughts exactly

Sat, 11/16/2013 - 19:59 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Well, at least Warburg is an Equal Opportunity employer and accepts workplace Diversity.  By hiring Mr. Geithner, it shows that it does not discriminate against someone for being a cultural or religious minority.

People usually get hired for at least one of these three:  Their ability, their Rollodex/connections, or Kinship.  So glad to see it wasn't the latter.  And I'm sure that his mother thinks he's "a nice boy"**

 

** Code for "He looks out for his own".

Sat, 11/16/2013 - 20:52 | Link to Comment AldousHuxley
AldousHuxley's picture

The superelites usually hate their own kind due to superiority complex.

Sat, 11/16/2013 - 21:06 | Link to Comment sun tzu
sun tzu's picture

I doubt they will let that incompetent weasel do anything more than use his government contacts to gain an advantage with inside information and dodging taxes.

Sat, 11/16/2013 - 11:26 | Link to Comment thunderchief
thunderchief's picture

Scumbag!

Sat, 11/16/2013 - 11:30 | Link to Comment john39
john39's picture

like a dog returns to its vomit... 

Sat, 11/16/2013 - 12:26 | Link to Comment kliguy38
kliguy38's picture

I think that says it all +1

Sat, 11/16/2013 - 18:53 | Link to Comment max2205
max2205's picture

What...he went to giant hairy penis? Head first I hope

Sat, 11/16/2013 - 12:03 | Link to Comment nmewn
nmewn's picture

I'm shocked! Shocked I say, to find cronyism going on in the world of high finance!!!

Sat, 11/16/2013 - 23:38 | Link to Comment Cacete de Ouro
Cacete de Ouro's picture

Tiny Timmy reminds me of a sad floppy Oscar Mayer wiener, for obvious reasons. I hear that he even sings this song in the shower every morning...take it away there Timmy:......

Oh, I wish I was an Oscar Mayer weiner,
that is what I'd truly like to be,
'cause if I were an Oscar Mayer weiner,
everyone would be in love with me.

Oh, I'm glad I'm not an Oscar Mayer weiner,
that is what I'd truly hate to be,
'cause if I were an Oscar Mayer weiner,
there would soon be nothing left of me.

(but then he thinks again)

Oh, I wish I was an Oscar Mayer weiner,
that is what I'd truly like to be,
'cause if I were an Oscar Mayer weiner,
everyone would be in love with me

Sun, 11/17/2013 - 04:11 | Link to Comment chemystical
chemystical's picture

Irony that the man peddling bacon, pork hot dogs, and pork bologna was very likely jewish.  You might find some analyses that will say that the matter of his religion is unsettled, but the matter of his wife's (nee Stiglitz) religion is not unsettled, and at the time of their marriage it would be very unlikely for a gentile to marry a jewess.  After that we have mimicry of the host and crypto-Jew progeny.  One wonders what else you might be eating in addition to that putatively pork hot dog.

Sat, 11/16/2013 - 11:58 | Link to Comment slotmouth
slotmouth's picture

I read Sheila Bair's book "Bull by the Horns".  She paints Timmy as the most despicable human being imaginable.  He was a Rubin stooge who kept popping up and insisting for bailouts and policies that would benefit Citi and other bankrupt cronies.  I highly recommend that book.

Sat, 11/16/2013 - 22:00 | Link to Comment AldousHuxley
AldousHuxley's picture

Americans enjoy high standard of living while producing shit because wall st dupes foreign dictators into investing in dollar denominated assets.

Sheila Bair = wife of a mobster.

Sun, 11/17/2013 - 12:30 | Link to Comment ajax
ajax's picture

 

 

"I read Sheila Bair's book "Bull by the Horns".  She paints Timmy as the most despicable human being imaginable."

Neil Barofsky paints the same picture of Geithner in his book "Bailout":

http://c-spanvideo.org/program/Barofs

 

 

Sat, 11/16/2013 - 17:13 | Link to Comment Element
Element's picture

 

 

I guess this means he can go back to being a tax dodger as well

In the circumstances anyone who's not avoiding, minimizing, or just not paying tax, is not playing with a full deck. This system is hopelessly corrupt. To offer any sort of support for it implies complicity and agreement with its continuance. It isn't going to reform itself by little-people paying taxes to empower prosecutors and Justus dept to clean up the crooked. Just the reverse in fact, they'll set up systems and laws to come after you for MOAR. Not because they can't invent money at will, but just in order that for them to 'win', you must be made to lose everything. Participate and support this system and you'll get ground to dust anyway.

Happy new financial year.

Sat, 11/16/2013 - 17:00 | Link to Comment sgt_doom
sgt_doom's picture

When researching the origins of private equity firms (since it is so closely tied into the countermeasures of the super-rich to continue hiding their wealth and ownership in response to Kennedy-supported, Rep. Wright Patman's study of that subject with his resulting congressional report on foundations and trusts) it appears that the very first two firms in the 1960s, of course, were AEA Investors (founded and financed by Rockefeller, Mellon, Harriman and a member of the Warburg banking family) and Warburg Pincus (founded by another member of the Warburg banking family).

One would imagine that Timmy should end up there, of course . . .

Sat, 11/16/2013 - 11:08 | Link to Comment azzhatter
azzhatter's picture

Fucking piece of shit Geithner. I was hoping you were posting his obituary. Fuck You Geithner

Sat, 11/16/2013 - 11:22 | Link to Comment RSloane
RSloane's picture

Geithner was flummoxed by Turbo Tax. Only in the US would that credential be a portal into rarified financial circles.

Sat, 11/16/2013 - 11:47 | Link to Comment Sudden Debt
Sudden Debt's picture

well, he won't have his normal security detail anymore so if you wanne settle some scores :)

Sat, 11/16/2013 - 14:00 | Link to Comment Bay of Pigs
Bay of Pigs's picture

Is it wrong to hope for a painful and brutal violent death for him?

Sat, 11/16/2013 - 15:22 | Link to Comment knukles
knukles's picture

privately, no

Sun, 11/17/2013 - 01:43 | Link to Comment PT
PT's picture

BoP:  Old Joke about guy being arrested:

"What if I called you a cunt?"
"I would charge you for insulting a police officer."
"Well, what if I just thought you were a cunt."
"No, you can't be arrested for what you think."
"Good.  Because I think you're a cunt." 

Sat, 11/16/2013 - 11:11 | Link to Comment overmedicatedun...
overmedicatedundersexed's picture

at least we know where to find him.

Sat, 11/16/2013 - 11:11 | Link to Comment chubbar
chubbar's picture

He'll be worth >100million in a few short years collecting the bribes he took for executing policy decisions made by the unknown hand behind the banksters.

Sat, 11/16/2013 - 17:04 | Link to Comment sgt_doom
sgt_doom's picture

Either that, or a chunk of that missing $8.7 billion in Iraqi oil funds, which were supposed to have been kept on account at FRBNY when he was chair, the contract which was overseen by Geithner's best-friend-forever and former college roomie, Daniel Zelikow (that's Daniel, not Philip!), the managing director at JPMorgan Chase at that time, which monies movements were coordinated by the top finance guy at the Coalition Provisional Authority at that time, Reuben Jeffery III (who would later go on to become the CEO at Rockefeller Flnancial, after the tragic "suicide" of its previous CEO).

It is a small world after all!

Sat, 11/16/2013 - 11:15 | Link to Comment Jumbotron
Jumbotron's picture

<Yawn.> 

Bankster becomes Treasury Secretary becomes bankster again.  But we've known for sometime the Fascist State we live in......like....since 1913.

Sat, 11/16/2013 - 12:32 | Link to Comment TheGardener
TheGardener's picture

Fuck you jumbo you called people names who dared to speak out against the state of affairs since 1913 and you have the
chutzpah to comment on tribal banksters ?

People who have since been removed from this site, asshole.

Sat, 11/16/2013 - 14:02 | Link to Comment Bay of Pigs
Bay of Pigs's picture

+1 Jumbo is an asshole.

FREE francis_sawyer!

Sat, 11/16/2013 - 11:19 | Link to Comment MontgomeryScott
MontgomeryScott's picture

I always admired the Warburgs. They are such scions of the unholy see of banking cartels...

http://www.hitlerhitler.com/

http://www.minneapolisfed.org/publications_papers/pub_display.cfm?id=3815

http://www.warburgpincus.com/industries/financial_services/Default.aspx

Yes, TurboTax Timmy will fit in rather well.

It's rather sad that those such as he do not realize that there IS a hell waiting.

Sat, 11/16/2013 - 11:26 | Link to Comment dick cheneys ghost
dick cheneys ghost's picture

''During the post-war period, Eric Warburg vied with his cousin Siegmund Warburg, founder of S.G. Warburg, over the use of the Warburg name in New York. Siegmund wished to expand the S.G. Warburg franchise into New York but was blocked by the existence of E.M. Warburg & Co. Following the effective sale of the business to Pincus, Siegmund Warburg accused Eric of prostituting the Warburg name. "Complicating matters was that Siegmund thought Pincus the wrong kind of Jew - of Eastern European ancestry, with a garment-district background. Professionally, he thought Pincus well below haute banque stature in the venture capital world."[18]''

http://en.wikipedia.org/wiki/Warburg_Pincus

Sat, 11/16/2013 - 12:39 | Link to Comment Papasmurf
Papasmurf's picture

Your second link ended in default.

Sat, 11/16/2013 - 11:30 | Link to Comment NIHILIST CIPHER
NIHILIST CIPHER's picture

Interesting tidbit-      Timmy Geithner's father worked with Barry Obummer's mother in Indonesia when they were just little guys. Both parents were CIA operatives and so are the kiddies. Of corse Timmy will take a position at Warburg and don't you love that they used the term, "reached out" to Timmy for said position.

Sun, 11/17/2013 - 12:46 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

"Reach out" is an official weasel-word in HR, and in SaM (Sales and Marketing).

People who do well in the corporate world, speak 'Weasenglish'.   A term I just made up.

Sat, 11/16/2013 - 18:55 | Link to Comment max2205
max2205's picture

So...Tim and Barry could have the same mother?

Sat, 11/16/2013 - 11:25 | Link to Comment Mrs. Cog
Mrs. Cog's picture

Oh good... a place of employment will be helpful knowledge to the pitchforks and torches crowd at the appointed hour.

Sat, 11/16/2013 - 11:26 | Link to Comment Winston Churchill
Winston Churchill's picture

Ther is no hell in the Jewish religion.

Explains a lot.

Sat, 11/16/2013 - 17:24 | Link to Comment Element
Element's picture

Makes you wonder how Christians ended up with the lakes of fire and brimstone, eh? Read Nag Hamadi version of Christianity, their books went on about how all aspects of existence and being will ultimately, through a process of stages, re-unify all beings again, as the one and same thing. So no eternal Hell was implicit in early Christianity as well, just recognition of wayward behavior, repentance, forgiveness and grace, etc.

The notion of Hell and eternal damnation seems to be the sociopolitical control invention of the child-rape-infested catholic church's popes and bishops (which concept the early-Muslims then copied, and it got even more farcical, stupid and sociopathic, again to control the societies, and make religion the political control entity of all power and wealth).

Obviously the popes and bishops don't believe in Hell and Eternal Damnation, and live accordingly, or maybe its their self-appointed absolution, and the selling of indulgences trading? Which they figure will save the day for them, because obviously God won't mind having vicious lying child-rapist bastards running around all over his cloud, praising and associating with him and speaking on his behalf 'bout stuff ... yeah ... riiiiight ... (or the lame-brained suicide bombers and the throat-slashing head-lopers, all looking for their extra-virgins, for that matter)

Sun, 11/17/2013 - 13:00 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

No hell/Hell in mine either.  Only peaceful Oblivion.  No torture, and no one's ass to kiss for all eternity.

Gods were just ET's visiting, or in some cases crashed here.  The ones who crashed --Roswell style -- were found by people (Moses, Muhammad) walking in remote parts.  Nothing like starting a new religion with ET-inspired concepts or their tech to help convince other primitive tribesmen.  If this trick still works today, imagine how well it worked back then.

That's why the Federation has the Prime Directive.  As can be seen in the opening scenes of the latest Star Trek movie "Into Darkness", primitive are... IMPRESSIONABLE.  / Even in the 21st Century, it seems. /sar

Sat, 11/16/2013 - 11:28 | Link to Comment Running On Bing...
Running On Bingo Fuel's picture

"Employment is good, the numbers are good, people are buying it."

Took Tymmha 10 months to get a job? He's one of 'us'.

Over.

Sat, 11/16/2013 - 11:33 | Link to Comment yogibear
yogibear's picture

After Bernanke's deeds just think where he will be end up, before going to hell.

Sat, 11/16/2013 - 11:40 | Link to Comment NIHILIST CIPHER
NIHILIST CIPHER's picture

Does that picture of Timmy look like a sniveling fucking rat, or is it just me?

Sat, 11/16/2013 - 11:47 | Link to Comment Running On Bing...
Running On Bingo Fuel's picture

Looks like Ben Lawsky, the bitlicense rat.

Over.

Sat, 11/16/2013 - 11:45 | Link to Comment John McCloy
John McCloy's picture

 

    And this is how the bribes are done. Timmy G was also racking up 100,000s of thousands speaking to Goldman and who knows what other banks. Do your duty and protect the criminals under the guise of public service and get yours when your out of office...board spots etc.

http://americablog.com/2013/07/tim-geithner-speaking-fees-goldamn-sachs-...

 

Hillary as well:

http://www.nationalreview.com/corner/362637/hillary-clintons-lucrative-g...

 

 

Sat, 11/16/2013 - 11:45 | Link to Comment chemystical
chemystical's picture

 

Nice pic.  Why do these fucks always look like either: A) the Orcs from Lord of the Rings or B) a Ferenghi from Star Trek? 

The Ferenghis had a code that they could lie cheat and steal when the counterparty was a Gentile, er I mean, non-Ferenghi, but could NEVER cheat a fellow Ferenghi.  The contemporary term used by the Ferenghi for that offense is "kike".

Sat, 11/16/2013 - 12:52 | Link to Comment TheGardener
TheGardener's picture

The contemporary ongoing daylight nightmare of no longer science fiction will still cheat each other and expect everyone else to behave accordingly.

The high price they pay for betraying each other is not that
they no longer can be trusted upon their peers, but that
they themselves cannot forever trust anyone!

Sat, 11/16/2013 - 13:44 | Link to Comment Kirk2NCC1701
Kirk2NCC1701's picture

Madoff!

Sat, 11/16/2013 - 11:46 | Link to Comment Sudden Debt
Sudden Debt's picture

I wouldn't call him the architect...

more like the undertaker...

Sat, 11/16/2013 - 11:46 | Link to Comment Seasmoke
Seasmoke's picture

Has his unemployment run out already ?

Sat, 11/16/2013 - 11:51 | Link to Comment Crash Overide
Crash Overide's picture

I am "shocked" Timmy is still walking around free, shouldn't he have been arrested and sent to jail with the rest of them? Oh wait, no one went to jail, never mind.

Sat, 11/16/2013 - 11:53 | Link to Comment BrigstockBoy
BrigstockBoy's picture

What a fucked up world we live in...this POS should have been run out on a rail.

Sat, 11/16/2013 - 12:00 | Link to Comment centerline
centerline's picture

Let me see...

The control over the supply/flow of money in a nation (and the world via reserve status) is likely THE most important aspect of the functioning of the nation (world by extension of course).  It is paramount to national security.  It is critical to geopolitical stability.  And we have a for-profit, revolving door thing going on.

Shit.  That is nothing short of nuts.  Criminal.

Even in regular business there often exists non-compete terms, with minimum timeframes, radius, industry, etc. restrictions.  Why the fuck (rhetorical question) would one of THE most important jobs in the world not have iron clad restrictions?

This ought to be seen as high treason.  I view it as such.  And I am sure most of the world will too when they wake up and realize what is being perpetrated and how.

Like LOP keeps saying, roll the motherfucking guillotines.

Sat, 11/16/2013 - 12:05 | Link to Comment Dr. Venkman
Dr. Venkman's picture

Yeah no revolving door here. Timmy has never had an actual job and skips right to president of Dinkus.

Note to Warburg employees: the president's office has been relocated to basement. Please clear out your old baseball cards and Zepplin records.

Sat, 11/16/2013 - 12:25 | Link to Comment Inthemix96
Inthemix96's picture

That grinning little shit makes my skin crawl, never done a days real work in his life and some shithawk firm like warburgs wines and dines the poisenous little bastard into a top position to screw more folk over eh?

This 'Thing' should be doing life with no parole for the damage he caused main street, but in the fucked up, out of touch, outlandish world of 'Money', they give the rat fuck a job?

Jesus Christ, I am smoldering with fume here.  I hope you never meet me timmy you rat fuck, I'll give you street justice if you do you filthy hateful shit.

God I hate that pencil necked fucking rube.

Fucker.

Sat, 11/16/2013 - 12:26 | Link to Comment jomama
jomama's picture

if there was ever someone that really, really needed the shit kicked out of him, Turbo Timmy would be that person.

Sat, 11/16/2013 - 12:28 | Link to Comment krispkritter
krispkritter's picture

 'Giant Warbug Dinkus'? Are you talking about Bush or Obama? I'm confused...

Sat, 11/16/2013 - 14:09 | Link to Comment NIHILIST CIPHER
NIHILIST CIPHER's picture

krispkritter             Once again I will ask you kindly to not post that picture of pres. Obonzo smoking. It sets a bad example for the yutes of Amerika. 

Sat, 11/16/2013 - 12:32 | Link to Comment WillyGroper
WillyGroper's picture

Slut.

Sat, 11/16/2013 - 12:32 | Link to Comment Trimmed Hedge
Trimmed Hedge's picture

It should be quite obvious by now after all these years that nothing is ever going to happen to these crooks in a legal sense..

Want justice? The only option is to take the law into one's own hands. That used to happen quite often in an earlier time. These days? Not so much..

That needs to change, and quickly..

Otherwise, the message to them is loud & clear: Nobody notices or nobody cares, so they will continue to push the boundaries -- until something does happen, that is...

Sat, 11/16/2013 - 12:35 | Link to Comment williambanzai7
williambanzai7's picture

TIM GEITHNER 2017

Sat, 11/16/2013 - 17:08 | Link to Comment Element
Element's picture

.50 cal

Sat, 11/16/2013 - 12:54 | Link to Comment orangegeek
orangegeek's picture

block that field goal

 

block that punt

 

kick the cheerleader in the G-E-I-T-H-N-E-R!!!!

Sat, 11/16/2013 - 13:22 | Link to Comment 29.5 hours
29.5 hours's picture

 

 

Congrats! Way to go Timmy! We all knew you had it in you.

 

 

Really...

 

Sat, 11/16/2013 - 13:28 | Link to Comment GrinandBearit
GrinandBearit's picture

These people never seem to go away. 

Kill him with fire!

Sat, 11/16/2013 - 13:31 | Link to Comment YHC-FTSE
YHC-FTSE's picture

It says a lot about the fucked up state of the world that he rose to such heights even AFTER working for Henry Kissinger early in his career.  How the fucking hell can decent people offer him a job with that turd on his CV? 

I'm going to change my linkedin profile to say, "Internship with Satan Plc", and "Project manager of torture at Guantanamo Concentration Camp". "Hobbies: Currently writing a book on catching and cooking free range brown babies in kosher sauce". I'll be surprised if they didn't offer me a job as head of equities at Goldman Sachs within a month. This world is beyond fucked up. 

Sat, 11/16/2013 - 13:49 | Link to Comment QQQBall
QQQBall's picture

Same job description, different title, better pay...

Sat, 11/16/2013 - 13:54 | Link to Comment Miss Expectations
Miss Expectations's picture

Free Francis_Sawyer

Sat, 11/16/2013 - 14:05 | Link to Comment quasimodo
quasimodo's picture

Golly gee, Warburg........where I have heard THAT name before. Fucking inbreds

Sat, 11/16/2013 - 14:16 | Link to Comment algol_dog
algol_dog's picture

Fucking assholes - All of 'em .... The world has never been so bamboozled, as these times we live in. 

 

Sat, 11/16/2013 - 14:21 | Link to Comment magne13
magne13's picture

Guys should we be surprised, when in the midst of the largest financial global crisis in history that nobody, I mean nobody has done time.  These guys are not to blame, as much as I despise Hank Paulson, Geithner and the rest of the oligarchy, I cannot help to say, they are a product of an environment that the American people do nothing about.  So why do we blame them? We should look to Americans that sit around on their fat asses and do nothing, in Egypt they march 3 million strong and oust people like this, what do Americans do, they elect more of the same, makes me sick.  Thank god Bitcoin will destroy the system, it is like SKYNET, they just don't know it yet...NO stopping that train...

Sat, 11/16/2013 - 14:31 | Link to Comment sbenard
sbenard's picture

Wow! I didn't know that private equity firms hire Keebler Elves!

Sat, 11/16/2013 - 14:49 | Link to Comment Zer0head
Zer0head's picture

that didn't take long

http://www.warburgpincus.com/people/ViewEmployee,employeeid,449.aspx

 

http://i.imgur.com/PcFQnFb.png (for posterity - just in case they need to revise something)

Sat, 11/16/2013 - 14:55 | Link to Comment Stinko da Munk
Stinko da Munk's picture

I thought he was joining WalMart.

Sat, 11/16/2013 - 14:58 | Link to Comment Zer0head
Zer0head's picture

From 10 months ago

"Geithner says it’s “extremely unlikely” he will take a job in the world of finance,"

 

http://nymag.com/news/intelligencer/encounter/tim-geithner-2013-2/index1...

Sat, 11/16/2013 - 14:59 | Link to Comment Miss Expectations
Miss Expectations's picture

They do have a weakness you know.  I hasn't been employed successfully against them. 

Forward to 6:40 for a quick peek (check out Henry Kissinger's date):

http://www.youtube.com/watch?v=w9reH2TJg4E

Sat, 11/16/2013 - 15:26 | Link to Comment Big Johnson
Big Johnson's picture

Cocksucker!

Sat, 11/16/2013 - 16:06 | Link to Comment americanspirit
americanspirit's picture

What do you want to bet that somewhere in the Dept. of Justice - probably locked in Holder's desk - is a criminal indictment of Warburg Pincus that, now, will never see the light of day.

Sat, 11/16/2013 - 16:32 | Link to Comment syntaxterror
syntaxterror's picture

"He has been reluctant to take a job with any banks, which he once regulated"

Was that a joke? What regulating? 

Sun, 11/17/2013 - 07:26 | Link to Comment PT
PT's picture

"... which he once de-regulated"

Sun, 11/17/2013 - 08:49 | Link to Comment overmedicatedun...
overmedicatedundersexed's picture

the most important question for mr Tim G and the elite rats he runs with, is : "is it safe? "

Sat, 11/16/2013 - 17:06 | Link to Comment mliu_01
mliu_01's picture

Big Ka fuChing Moment for Timmy. Job well done. Sir.

Sat, 11/16/2013 - 20:25 | Link to Comment paint it red ca...
paint it red call it hell's picture

This is the one NWO lackey that the title of 'Douche Bag' would represent a promotion.

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