2009/03/19

Hapless Sock Puppet Geithner Gets a New "Helping Hand"

According to an internal Citigroup memo, Lewis Alexander - Citigroup's chief economist - is leaving for a job at the Treasury Department. An unnamed government official says Mr. Alexander will be a ventriloquist counselor to Treasury Secretary Timothy Geithner.

Alexander has very special insights on the economy - in an early 2007 interview he had this to say about the housing bubble: "I think that's not going to spill over more broadly into the economy, and so I think we're going to have a normal kind of housing cycle that's going to last through the middle of this year"

This is just swell: Obama is bringing the Jim Jones stock tank and ladle to Washington. Wanna bet Alexander's next in line if Geithner can't hold on to the job?

It's going to be an interesting summer.

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