Whatever you think about Matt Stoller, he’s all over the bullshit in Geithner’s bio:
So why did Geithner actually release this book? Perhaps he wants to make himself look good. It wouldn’t be the first time for a DC memoir. Or maybe the reason is more prosaic—maybe the book actually helps Tim Geithner make money. Geithner left Treasury and is now the President of Warburg Pincus, a powerful private equity group that buys and sells companies. Geithner has no understanding of this business, but he was hired anyway to run it, or at least appear like he runs it. Why? Sure, he’s a talented guy, but one obvious reason is because of his network of contacts in government and in the banking world. Elites like Geithner trade on their credibility, so he must have his fictionalized version of the crisis in print. If he doesn’t, then officials might eventually listen to the version put out by Elizabeth Warren, Neil Barofsky, and others and tune him out. While Geithner can’t block Elizabeth Warren from telling her story, at least he can throw sand in the umpire’s face.
Thanks to reader J for sending this in.