There’s another story on WSJ today about Treasury Secretary Tim Geithner’s frequent contact with the CEOs and other executives of Wall Street’s biggest banks. They seem to be taking issue at it again. It’s not surprising though that Goldman’s Lloyd Blankfein is Timmy’s best buddy, having been in contact relatively most frequently. Citi followed with communications with Richard Parsons and less frequently, Pandit.
Calendars released by the Treasury Department in response to a Wall Street Journal Freedom of Information Act request show more than 80 contacts between Mr. Geithner and financial titans such as Lloyd Blankfein of Goldman Sachs, James Dimon of J.P. Morgan, Citigroup Chairman Richard Parsons and Laurence Fink of BlackRock from January through July.
It is to be expected that a Treasury secretary would talk to bankers frequently amid a financial crisis, and Mr. Geithner’s contact may have played some role in calming the crisis.
Still, the disclosure of Mr. Geithner’s contact with top bankers could prove tricky for an administration that has tried to distance itself from the industry.
Seriously, just quit taking issue. What’s necessary needs to be done and I don’t know what to make of those who take something out of every happening.