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Why cashing out to private equity was Timothy Geithner's best path

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Tim Geithner, as a public servant, bent the rules to bail out the financial sector. Then he championed and helped implement a complex set of regulations that have been critiqued as too burdensome, as too weak and as picking winners and losers. Friday, we learned that Geithner will get very rich at a private equity firm called Warburg Pincus. How are we to feel about this? I've spent much of the...

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