Geithner Pwns Union Stooge

In case you weren't aware of the stigma being called an investment banker carries these days, check out this exchange between Timothy Geithner and AFL-CIO mouthpiece Damon Silvers:

http://blogs.wsj.com/economics/2009/04/21/geithne…

I just find it hilarious that a union lawyer would go into a Congressional hearing totally unprepared and throw a meatball like that right into Geithner's wheelhouse. Still, how do you feel about some scumbag union lawyer thinking he's somehow better than an investment banker?

What's next? "Yes, Your Honor, it's true I sold heroin to school kids and went on a tri-state killing spree, but when someone accuses me of spreading comps, that's where I have to draw the line!"

7 Comments
 
Best Response
WSJ BlogGeithner responded: “I don’t think you meant that as a compliment, but I’ll take that as a compliment.”

First of all - Ha!

Edmundo BravermanIsn't law school basically "Plan B" for people who can't make it in investment banking anyway?

I was little offended by that since I once considered Big Law. Also, I'd call BS on that, but I considered law school as an option when I was looking for restructuring opportunities during my third year.

Anyway, it only applies to 10-15% of the law school population because as MDR so eloquently pointed out:

MDRAnd if you asked one of these jokers what an Investment Banker does, most of them have no f-ing clue. Deadbeats.

So if most of the lawyers/law school students don't know what banking is, then how can it be their Plan B.

Anyway, please note the comments at the bottom of the WSJ Blog. Not bad, funnier than most WSO comments.

I'm making it up as I go along.

------------ I'm making it up as I go along.
 
Cornelius
MDRAnd if you asked one of these jokers what an Investment Banker does, most of them have no f-ing clue. Deadbeats.

So if most of the lawyers/law school students don't know what banking is, then how can it be their Plan B.

I know you're a regular here so you should know by now that about 95% of the people here who apply have no idea what investment banking is... issue resolved :-P

Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard. -30 Rock
 
Edmundo BravermanI was just wondering how long it would take someone to rise to the flame bait. Cornelius comes in at 4 hours 41 minutes.

you are annoying and sad. how's that?

 

Non et iste blanditiis non quidem. Voluptatem eius sint accusantium reiciendis ipsam sunt qui. Excepturi est quaerat dolorem ut eos aut est. Qui temporibus iure ut suscipit ad provident. Dolores explicabo alias eveniet vel et. Laboriosam autem culpa et praesentium atque. Consequatur adipisci aut qui in at reiciendis rerum.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
DrApeman's picture
DrApeman
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”