Skip to:

Text size [+][-]  Saturday March 20 2010GLOBAL EDITION

Considered view
22 Jan 2010 20:19

Citimagination

Context News

Paul Volcker is a former chairman of the U.S. Federal Reserve. His name was attached by President Obama to the new measures curtailing banks' risk-taking and size announced on Jan. 21. 

Timothy Geithner is currently the U.S. Treasury secretary, and was previously president of the New York Federal Reserve. Robert Steel was chief executive of Wachovia for part of 2008, until the bank's acquisition by Wells Fargo. He now sits on Wells' board of directors. Prior to running Wachovia, he was an official at the Treasury. 

Christopher Dodd is a Democrat U.S. senator from Connecticut and chairs the Senate Banking Committee. He has said he will not stand for re-election in November's elections. Harry Reid is the Democrat majority leader in the Senate. 

David Axelrod is a political advisor to President Obama.

Suppose it's 2011 and the Volcker Act has recently passed, curtailing US banks' riskier activities. Now imagine Tim Geithner is hired as head of Citi's strategy and investor relations by Bob Steel, the new CEO who is dismantling the group. Oddly the scenario isn't such a stretch.

Sign up to read the rest of this subscriber-only content, or if you are already a member please sign in here.

Forgotten your password? Get a password reminder.


This Views Flash will shortly be followed by a Considered View


More stories by:  Rob Cox






Share