Geithner Makes His Move

Former U.S. Treasury Secretary Timothy Geithner is joining private equity firm Warburg Pincus LLC.

The firm has announced that Geithner will serve as president and managing director of the firm starting March 1, 2014.

Writes the PEU report:

Warburg Pincus test drove Geithner with a $200,000 speaking fee.  Treasury Secretary Geithner was kind to private equity underwriters (PEU's) while in office.  Now he is one.

The Friday night news release is intended to make sure this story is six feet deep come Monday.