Tim Geitherner is getting paid huge “speaking fees” by the big banks he helped while in his government jobs…
… receiving about $400,000 for three speaking engagements.
A speech at a Deutsche Bank conference last month netted him about $200,000…
… He spoke in June alongside Nicolas Sarkozy, France’s ex-president, and Mario Monti, Italy’s former prime minister, at Deutsche Bank’s annual conference in the UK.
… Mr Geithner was also the main attraction at Blackstone’s annual meeting in April, and the following month appeared at Warburg Pincus’s annual meeting. He was paid no more than $100,000 by each of the private equity groups, according to people familiar with the matter.
…Within a week of stepping down as Federal Reserve chairman, for example, Alan Greenspan was paid about $250,000 to speak at a dinner for hedge fund clients of the now-defunct Lehman Brothers.
$400K so far, just three “speaking” engagements… His time as Treasury Sec will prove incredibly lucrative.
Not so good for you and me, though.