Obama criticized the "revolving door" of government and business, and regulators who oversee them. After appointing [[Peter Orszag]] his first Budget Director to dole out the stimulus cash, Orszag resigned to become Citigroup's Vice Chairman of Global Banking. Citigroup was the recipient of $476 billion in [[bailout]] money - more than any other bank - after the disastrous [[Financial crisis of 2008]]. Before the bailout, Orszag's expert opinion of the chances of a mortgage meltdown were 1 in 500,000. | Obama criticized the "revolving door" of government and business, and regulators who oversee them. After appointing [[Peter Orszag]] his first Budget Director to dole out the stimulus cash, Orszag resigned to become Citigroup's Vice Chairman of Global Banking. Citigroup was the recipient of $476 billion in [[bailout]] money - more than any other bank - after the disastrous [[Financial crisis of 2008]]. Before the bailout, Orszag's expert opinion of the chances of a mortgage meltdown were 1 in 500,000. |