News bites: Geithner heads for industry he regulated

Former Treasury Secretary Timothy Geithner is joining the private equity industry, considered one of the winners of a financial reform effort that Geithner helped oversee, The Huffington Post reports.

“Former Treasury Secretary Tim Geithner’s spin through the revolving door to cash in on his ‘public service’ will enrich himself, further erode public confidence in government and give the finance industry more access and influence at the highest levels of government worldwide,” Better Markets’ Dennis Kelleher told the Huffington Post.

Timothy Massad, President Obama’s pick to head the Commodity Futures Trading Commission, would take the agency’s helm at a critical moment, according to The Hill’s On The Money blog.

Bitcoin’s backers will make a pitch Monday for “safe and sane” regulation, USA Today reports.

Super-donor and casino magnate Sheldon Adelson is launching an attack against Internet gambling, according to The Washington Post.

Congressional opposition could sink the most ambitious trade agenda in U.S. history, The Hill reports.

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