Citigroup Hires Peter Orszag, Former Obama OMB Chief - Reuters/HuffPo

[WillyT]

Citigroup Hires Peter Orszag, Former Obama OMB Chief
Reuters/HuffPo
First Posted: 12-10-10 09:09 AM | Updated: 12-10-10 09:33 AM

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YORK/CHARLOTTE, N.C., Dec 9 (By Maria Aspan and Joe Rauch) - Citigroup Inc named U.S. President Barack Obama's former budget director as a senior global banking adviser on Thursday, strengthening its ties to high-profile former officials the same week the bailed-out bank finished shrugging off U.S. government ownership.

Peter Orszag, currently a senior fellow at the Council on Foreign Relations, is Citigroup's second hire of a former senior government official this month. Last week the bank hired Carlos Gutierrez, former Commerce Secretary under President George W. Bush, as a vice chairman for its institutional clients group.

Orszag, who had worked as director of the Office of Management and Budget under President Obama, left the White House in July. He was one of the president's most prominent advisers and remains well-connected in U.S. political circles.

Now he will bring those connections to Citigroup -- although the bank said in a prepared statement that his role will not involve direct contact with federal government officials.

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More: http://www.huffingtonpost.com/2010/12/10/ciitgroup-hires-peter-ors_n_794880.html

:shrug:

[Catherina]

1. Nothing to see here my man, just move along. Move along. Rec'd n/t

[valerief]

2. Cozy, cozy, cozy, cozy. nt

[nc4bo]

3. Snug as a bug in a rug.

Reality bites.

[asdjrocky]

4. What's left to do but laugh?

We've been had, and had good.

[valerief]

5. Laugh and leave (if you can). nt