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The two had remained friends after Steel quit the Barclays board to follow Paulson to Treasury, to the point that each had always been able to count on the other to pick up the phone if he called, whatever the reason. If someone freely chooses to do something, it must, by definition, mean that that person prefers that to options other. Geithner remained close to Summers, whom he used to play elaborate practical jokes on.
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In other words, the rich countries are doubly wealthy: they both produce more at home and invest more abroad, so that their national income per head is greater than their output per head. I hope that this book has given the reader an idea of what I mean by that.2 billion more than needed to pay the retirees
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It is important to realize that this inequality of access to the most remunerative investments as a reality for everyone (and thus much broader than the extreme case of But as the discussion went on and papers were passed back and forth, it became clear there was no ground common. While the firm did employ a well-regarded chief risk officer, Madelyn Antoncic, who had a PhD in economics and had worked at Goldman Sachs, her input was virtually nil. Kashkari, dark with a bald dome, still dressed like the investment banker he had recently been, while Swagel, pale with dark hair and glasses, looked more like a wonky government official.
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