Clinton: Killing Bankers Won’t Help

    LOS ANGELES, CA - JULY 31:  U.S. Secretary of the Treasury Tim Geithner discusses the economy at Los Angeles World Affairs Council luncheon on July 31, 2012 in Los Angeles, California. Geithner met with some of Europe's top financial leaders July 30, including German Finance Minister Wolfgang Schaeuble and Mario Draghi, president of the European Central Bank about the eurozone debt crisis and faltering global growth.  (Photo by Kevork Djansezian/Getty Images)

    Kevork Djansezian/Getty

    In a massive new profile of Timothy Geithner, the former Treasury secretary reveals what former President Bill Clinton told him when he asked for advice on how to be more populist. According to Geithner, Clinton advised against it, saying, “You could take Lloyd Blankfein into a dark alley, and slit his throat, and it would satisfy them for about two days. Then the blood lust would rise again.” In the profile, Geithner also criticizes those who want to end "too big to fail," declaring, "It's not just quixotic, it's misguided.” In addition, he admits that he may have been biased toward trusting bankers, confessing, “My jobs mostly exposed me to talented senior bankers, and selection bias probably gave me an impression that the U.S. financial sector was more capable and ethical than it really was.”

    Read it at The New York Times