Its all about the Benjamins.
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  • "It's all about the Benjamins."

And why did Peter Orszag leave his prestigious post (head of the Office of Management and Budget) in Obama's administration? Politics? Family? A spiritual crisis? No. No. No. The reason is pure and simple: more money, more money, more money:
(The Economist) LAST July Peter Orszag stepped down from his post as the head of the Office of Management and Budget. As budget director, Mr Orzsag helped shape the first stimulus package and, more visibly, the health-care reform legislation. Apparently, the market values this sort of experience. Last week, Mr Orszag accepted a senior position at the investment-banking arm of Citigroup, an institution that exists in its present form thanks to massive infusions of taxpayer cash. Exactly how much Citigroup pay Mr Orszag is not public knowledge, but swapping tweed for sharkskin should leave him sitting pretty. Bankers who spoke to the New York Times ballparked his yearly salary at $2-3m.

This sort of thing, the movement between Wall Street and Washington, is called "the revolving golden door." And why is this kind of door very bad for the system in general? The Economist explains with a quote from James Fallows' article in The Atlantic:

But in the grander scheme, his move illustrates something that is just wrong. The idea that someone would help plan, advocate, and carry out an economic policy that played such a crucial role in the survival of a financial institution—and then, less than two years after his Administration took office, would take a job that (a) exemplifies the growing disparities the Administration says it's trying to correct and (b) unavoidably will call on knowledge and contacts Orszag developed while in recent public service—this says something bad about what is taken for granted in American public life.
How in the world do you abandon public service in an historic presidency for extra cash in some bloated and corrupt bank? Have we no sense of history?