Peter Orszag Just Got the Best Job Your Money Could Buy

This story has been flying under the radar for a few days, and it’s time to haul it up into brighter light.

What a racket — get a government gig, use billions (about $45 billion to be exact) of taxpayer dollars to save a bank, and then get a cushy job with that bank.

They told us only Republicans did this stuff:

On Thursday, Peter R. Orszag, President Obama’s first budget director and a protégé of Mr. Rubin, followed in his mentor’s footsteps and joined Citi’s investment banking group as a vice chairman.

Mr. Orszag, 41, is the second cabinet official to join Citi this month, and his appointment comes days after the Treasury Department’s $10.5 billion stock offering helped further extricate the bailed out bank from Washington.
[…]
Such a job typically pays at least $2 million to $3 million, according to bankers.

Somehow this is perfectly legal? Way to go on the Wall Street Reform, Mr. President.

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