FINALLY, a top notch financial guy joins the Obama Treasury team

[burythehatchet]

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=114x60724

http://online.wsj.com/article/SB123732747181462245.html

Citi's Chief Economist Leaves for Treasury Post

Citigroup Inc.'s chief economist is leaving the New York company for a job at the U.S. Treasury Department, according to an internal Citigroup memo.

Lewis Alexander, who has been at Citigroup since 1999 and before that worked at the Federal Reserve, will head to Treasury "to work on domestic financial issues," said the Citigroup memo, which was sent Tuesday.

According to a government official, Mr. Alexander will be a counselor to Treasury Secretary Timothy Geithner. Mr. Alexander and a Treasury spokesman weren't immediately available to comment Tuesday. A Citigroup spokesman declined to elaborate on the company's memo.

Mr. Alexander, who was the Commerce Department's chief economist from 1993 through 1996, is joining Treasury at a time when the department is scrambling to beef up its ranks of senior officials. The current staff shortage has fostered doubts on Wall Street and in Washington about the Obama administration's ability to get its arms around the financial crisis.


ashes ashes we all fall down

[burythehatchet]

1. by the way, I want to leave my bootprint on Larry Summers' face

[GreenPartyVoter]

2. Yeah. I'm sure this will work out just great.

[DireStrike]

3. What the hell is this crap?

Not Lincoln, not FDR, that's for sure.

More Clinton-y "goodness"?

[stillcool]

4. yeah really!

Lewis S. Alexander is a Managing Director and the Global Head for Emerging Markets in the Economic and Market Analysis department of Citigroup. Lewis directs the Firm's economic research across the emerging world, including analyst teams in the Americas, Asia and Europe.

Prior to joining Citigroup in the fall of 1999, Lewis had a long career at the Board of Governors of the Federal Reserve System, where he served most recently as the Deputy Director of the Division of International Finance. As Deputy Director, Lewis directed the Federal Reserve Board's analysis of foreign financial markets and international banking, represented the Federal Reserve in key international forums, and worked closely with the U.S. Treasury on the policy response to the crises in Asia, Latin America and Russia. Lewis also was an Associate Economist of the Federal Open Market Committee. Earlier, he served as Chief Economist of the U.S. Department of Commerce (1993-96) and was a consultant to the Bank for International Settlements (1988-89.)

Lewis received his Ph.D. in Economics from Yale University in 1987, after obtaining an M.Phil. there in 1985. Previously, he obtained an A.M. (1979) and an A.B. (1978) in Economics from Stanford University.
http://www.crossroadsculturalcenter.org/speakers-archive/alexander-lewis.html

[Canuckistanian]

10. Nice hair. n/t

[TornadoTN]

6. This is truly disturbing

I get the distinct impression that things are being put into place so that the status quo and the current system survives long enough for one more real good fleecing.

[DireStrike]

7. That's terrifying. Sounds like "they" want a hard crash with a lot of death and destruction.

How much more crime can the system take? It's already mortally wounded.

[burythehatchet]

11. That fresh, Clinty feel?

Today Nancy Kaptur said that the insiders are keeping out the people who actually know how to fix this.

[msongs]

5. official motto of the "new democrats" - let the foxes guard the henhouse nt

[neverforget]

8. Are we sure it isn't this guy?

[burythehatchet]

9. no. Phil Gramm has finally been sufficiently discredited.

[neverforget]

12. Oh thank God! I was worried.

[deaniac21]

13. Our troubles are over.