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APR 28, 2013 - Zero Hedge

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Chief Advisor To US Treasury Becomes JPMorgan's Second Most Important Man

Recall from "The Supercommittee That Really Runs America": With Tim Geithner having proven repeatedly and beyond a reasonable doubt he has insurmountable intellectual challenges, many have wondered just who it is that makes the real decisions at the US Treasury? The answer is, The Treasury Borrowing Advisory Committee, or the TBAC in short, chaired by JP Morgan and Goldman Sachs, which meets every quarter, and in which the richest people in America set the fate of the US for the next 3 months.... Recall further: the TBAC's composition: Naturally, recall that 40% of US spending is ... Read More

Tags: Chief Advisor To US Treasury Becomes JPMorgan's Second Most Important Man,  Bank Latest News