Peter Orszag - from the Oval office to Citibank in five months

President Obama with Peter Orszag

Like James Fallows I was very disturbed when I read Peter Orszag's very good op-ed piece today - because he said it would be his last. He has joined Citigroup in a senior position only 5 months after leaving the White House, shortly before his celebrity wedding.

When the President's former whiz-kid Director Office of Management & Budget steps into a megabucks job with a company that was recently rescued by the federal government - that is not change we can believe in. That is no change at all.  That is how regulatory capture works.