The Washington/Wall Street Circle Game continues

After leaving the Obama Adiminstration position as head of Office Management and Budget (OMB), Peter Orszag has been hired by Citicorp. And so the incestuous relationship between Wall Street and Federal Government continues. As Glenn Greenwald puts it,

Just think about how this works. People like Rubin, Summers and Gensler shuffle back and forth from the public to the private sector and back again, repeatedly switching places with their GOP counterparts in this endless public/private sector looting. When in government, they ensure that the laws and regulations are written to redound directly to the benefit of a handful of Wall St. firms, literally abolishing all safeguards and allowing them to pillage and steal.

Then, when out of government, they return to those very firms and collect millions upon millions of dollars, profits made possible by the laws and regulations they implemented when in government. Then, when their party returns to power, they return back to government, where they continue to use their influence to ensure that the oligarchical circle that rewards them so massively is protected and advanced. This corruption is so tawdry and transparent -- and it has fueled and continues to fuel a fraud so enormous and destructive as to be unprecedented in both size and audacity -- that it is mystifying that it is not provoking more mass public rage.

Get that? No one is at all concerned about this. No "provoking...mass public outrage." Even when it's blatantly stated that he is powerfully connected. No one seems to care that the Circle Game expertly pointed out by Mr. Greenwald boldly continues. As the Huffington Post article states,

Orszag, who had worked as director of the Office of Management and Budget under President Obama, left the White House in July. He was one of the president's most prominent advisers and remains well-connected in U.S. political circles.

Now he will bring those connections to Citigroup -- although the bank said in a prepared statement that his role will not involve direct contact with federal government officials.

Oh, no... Of course his role will not involve direct contact with federal government officials (maybe indirect, hmmm?). They just hired him because he's an all-around nice guy and fun to be with! And I've got Florida swampland I want to sell you.

Last week, Carlos Gutierrez, Commerce Secretary under George Bush also got hired by Citicorp. So he will be making tons of money under the Citicorp umbrella until the next Republican President comes into power. Then watch as he goes back into government service to further enrich Wall Street. Looks like Citicorp is covering both Democratic and Republican bases. The more things change, the more they stay the same...