Dean Baker: Peter Orzag Goes to Citigroup

Dean Baker: Peter Orzag Goes to Citigroup

"Why do the folks in power in Washington seem unable or unwilling to consider a financial speculation tax? Let's imagine for a moment that during his stint as OMB director Peter Orszag had been a vocal advocate of financial speculation taxes. It doesn't seem likely that under these circumstances Citigroup would currently be offering him a job that, according to the New York Times, would typically pay $2 to $3 million a year."