Clinton: Killing Bankers Won’t Help

In a massive new profile of Timothy Geithner, the former Treasury secretary reveals what former President Bill Clinton told him when he asked for advice on how to be more populist. According to Geithner, Clinton advised against it, saying, “You could take Lloyd Blankfein into a dark alley, and slit his throat, and it would satisfy them for about two days. Then the blood lust would rise again.” In the profile, Geithner also criticizes those who want to end "too big to fail," declaring, "It's not just quixotic, it's misguided.” In addition, he admits that he may have been biased toward trusting bankers, confessing, “My jobs mostly exposed me to talented senior bankers, and selection bias probably gave me an impression that the U.S. financial sector was more capable and ethical than it really was.”