Revolving Door

Round and round.

NEW YORK CNNMoney.com — Former Obama administration budget director Peter Orszag is joining Citigroups global banking division, the bank said Thursday.Orszag will hold the title of vice chairman, and has been tapped to serve in the banks Senior Strategic Advisory Group, which includes some of Citis C, Fortune 500 most senior bankers.

via Peter Orszag, former Obama budget director, joins Citigroup – Dec. 9, 2010.

At least there’s this:

Due to ethics rules, Orszag is prohibited from contacting U.S. federal government officials in his new role.

Now let’s see how long it takes Citi to figure a way around it.

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