Where is timothy geithner now

Lower-ranked officials make more than their private sector peers, but "at the top end, there's absolutely no doubt Edwards said financial firms value former federal workers for two reasons: their connections and their understanding of the byzantine rules, regulations and processes inside Washington. They're also willing to pay someone of Geithner's experience many, many times his federal salary, he said.

Related: What Jack Lew is worth. Geithner left office in January and begins at Warburg Pincus in March He is barred for one year from lobbying the government on issues he previously worked on, Sloan said, although the firm did not say Geithner's role includes lobbying. Warburg Pincus said Geithner will have a significant strategic and managerial role as president and managing director.

He compared his time at both Treasury and the Fed to Congress, calling them "two different worlds. Colleagues at Treasury and the Fed were "talented and ethical" and the culture was "not friendly to peacocks or jerks.

Geithner did express optimism that the "pragmatic core of the American political ideal" would again return and "capable people" in government would reassert themselves. For that to happen, however, "we have to protect the essential foundations of competent government: the ability to attract experienced, talented, pragmatic people to public service.

But now, belatedly, there is a huge public backlash against this cozy relationship, spearheaded by Sanders and Warren, but also forcing Hillary Clinton to at least talk tough about Wall Street. The erstwhile front-runner for the Democratic nomination even pledged this weekend to look elsewhere than Wall Street for top cabinet officials — unlike her husband, former president Bill Clinton, who made former Goldman Sachs co-chair Robert Rubin a key player in his administration.

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