Back in July, the Washington Post revealed how the private-equity firm of Tim Geithner — Treasury secretary during the Obama administration — profited from unsolicited high-interest loans that many would characterize as “predatory.”
Since the revelation of Mariner Finance’s loan program, Tim Geithner’s life has gone on . . . more or less as normal. Shortly after the Post report, he gave the keynote address at a CNBC conference with (ahem) Larry Kudlow, formerly of National Review and currently advising President Trump. Geithner is invited to the Brookings Institution to talk about the 10-year anniversary of the Wall Street meltdown and the financial crisis. He heads up the “Group of 30” forum that studies the health of the financial markets. He’s invited to speak at Yale University.
In other words, Timothy Geithner is a predatory lender, and no one around him cares.
Geithner’s gotten a little bit of grief from left-of-center writers here and there, but clearly it’s had minimal consequence on his life and career. No leftist protesters greet Geithner at his house and none (thankfully) scream at his children, the way they do for certain U.K. members of Parliament, such as Jacob Rees-Mogg. You’re not seeing Democratic senators line up and compete to denounce him in the most furious terms, the way they’re doing to honest, well-respected federal judge Brett Kavanaugh. Geithner is still welcome at CNBC conferences, and the Brookings Institution, and Yale.
It’s not that liberals no longer dislike predatory lending. It’s just that if you’re a prominent enough Democrat, you get a pass on things like that. Once you reach a high enough level in the hierarchy of the progressive aristocracy, you’re exempt from a lot of the rules.
https://www.nationalreview.com/the-...review.com&utm_term=68938&utm_content=2290067
Mass-mailing checks to strangers might seem like risky business, but Mariner Finance occupies a fertile niche in the U.S. economy. The company enables some of the nation’s wealthiest investors and investment funds to make money offering high-interest loans to cash-strapped Americans.
Mariner Finance is owned and managed by a $11.2 billion private equity fund controlled by Warburg Pincus, a storied New York firm. The president of Warburg Pincus is Timothy F. Geithner, who, as treasury secretary in the Obama administration, condemned predatory lenders.
Mariner Finance is owned and managed by a $11.2 billion private equity fund controlled by Warburg Pincus, a storied New York firm. The president of Warburg Pincus is Timothy F. Geithner, who, as treasury secretary in the Obama administration, condemned predatory lenders.
Since the revelation of Mariner Finance’s loan program, Tim Geithner’s life has gone on . . . more or less as normal. Shortly after the Post report, he gave the keynote address at a CNBC conference with (ahem) Larry Kudlow, formerly of National Review and currently advising President Trump. Geithner is invited to the Brookings Institution to talk about the 10-year anniversary of the Wall Street meltdown and the financial crisis. He heads up the “Group of 30” forum that studies the health of the financial markets. He’s invited to speak at Yale University.
In other words, Timothy Geithner is a predatory lender, and no one around him cares.
Geithner’s gotten a little bit of grief from left-of-center writers here and there, but clearly it’s had minimal consequence on his life and career. No leftist protesters greet Geithner at his house and none (thankfully) scream at his children, the way they do for certain U.K. members of Parliament, such as Jacob Rees-Mogg. You’re not seeing Democratic senators line up and compete to denounce him in the most furious terms, the way they’re doing to honest, well-respected federal judge Brett Kavanaugh. Geithner is still welcome at CNBC conferences, and the Brookings Institution, and Yale.
It’s not that liberals no longer dislike predatory lending. It’s just that if you’re a prominent enough Democrat, you get a pass on things like that. Once you reach a high enough level in the hierarchy of the progressive aristocracy, you’re exempt from a lot of the rules.
https://www.nationalreview.com/the-...review.com&utm_term=68938&utm_content=2290067
