US Treasury Revolving Door to Wall Street

The Financial Times reports:

Three years ago Wall Street employees flocked to Washington, attracted by the energising rhetoric of Barack Obama, the call of public service and the sudden dearth of jobs in the financial sector.

In the chaotic first days of the Obama administration, the best qualified were thrown into the Treasury department to deal with the financial crisis. Now many have left, returning to the private sector through the famous “revolving door” that separates prize jobs in government from those in business.

Hope and change!