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Former-Treasury Secretary Timothy Geithner lived rent-free in a townhouse belonging to a top banking executive, while serving in former-President Barack Obama’s cabinet.
Geithner lived with Daniel Zelikow, a friend from college, for the first eight months of his tenure at the Treasury department in 2009. Roughly a year after Geithner moved out of the house, Zelikow accepted a position at international banking giant JPMorgan Chase as head of the company’s International Public Sector Group, which sets up foreign governments as clients.
The article goes on to state the following:
Zelikow had previously worked at JPMorgan in a different executive position until 2007 when he left to be the executive vice president and CEO of Inter-American Development Bank, which finances health, education and infrastructure projects in Latin America and the Caribbean. Zelikow was still at the position when Geithner became Treasury Secretary and moved in with him.
New York University law professor and government ethics expert Stephen Gillers called Geithner’s decision to move in with Zelikow “just awful.”
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