The Financial Industry Gives Timothy Geithner Some Credit

Earlier this week, Bloomberg reported that former Treasury Secretary Timothy Geithner secured a line of credit from JPMorgan Chase, one of the too-big-to-fail recipients of bailout cash.

Geithner is looking to buy in to a new $12 billion fund at Warburg Pincus, the private equity firm where he now works. He reportedly stands to make a 20-30% return on the investment. Although he is not required to disclose the size or purpose of the credit line, a source told Bloomberg that Geithner was among several staff members to borrow money to invest in the fund.

So JPMorgan Chase, one of the banks Geithner bailed out, is about to help Geithner make loads of money.

As Huffington Post’s HuffPost Hill newsletter put...