Tuesday, April 26, 2011

The Elitist Revolving Door Spins and Lands an Economic Counselor for Geithner

Richard Berner, former chief U.S. economist at Morgan Stanley, joined the Treasury Department Monday as a counselor to Treasury Secretary Timothy Geithner.

Berner spent 12 years at Morgan Stanley and was earlier employed at Mellon Bank, Salomon Brothers and Morgan Guaranty Trust and the Federal Reserve Board staff. In other words, he knows how the revolving door works, very well.

 He will advise Geithner on domestic financial matters, according to a Treasury spokesman, reports WSJ.

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