He's apparently working as a sales agent for the junk at Citigroup and other zombie banks. It would be nice if he were doing this on his spare time, but according to the NYT he sees trying to help the bond holders and shareholders and multimillion dollar executives at these institutions as his main responsibility. It would be reasonable to ask why the Treasury secretary feels a need to work as a sales agent for the major banks, in addition to subsidizing the sale of their junk assets.
--Dean Baker
