Thursday, October 8, 2009

Citi, Goldman, JPMorgan Get Special Treatment: Today's Outrage


-- Who's running our government? If you answered Citigroup (C Quote), JPMorgan(JPM Quote) and Goldman Sachs (GS Quote), you may well be right.
Despite the tough talk on reigning in the power of the nation's biggest banks, President Obama's point man on financial regulation, Treasury Secretary Timothy Geithner, appears to be at the beck and call of the heads of those three major banks. When Goldman's Lloyd Blankfein, JPMorgan's Jamie Dimon and Citi's Richard Parsons and Vikram Pandit are on the line, Geithner picks up the phone, according to a review of phone records by the Associated Press.
Geithner's calendar shows at least 80 contacts with Blankfein, Dimon, Parsons and Pandit during his first seven months as treasury secretary, according to the AP.

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