NEW YORK (TheStreet) -- Who's running our government? If you answered Citigroup (C) (Stock Quote: C), JPMorgan (JPM) (Stock Quote: JPM) and Goldman Sachs (GS) (Stock Quote: GS), you may well be right.
Despite the tough talk on reigning in the power of the nation's biggest banks, President Obama's point man on financial regulation, Treasury Secretary Timothy Geithner, appears to be at the beck and call of the heads of those three major banks.
(C) (JPM) (GS) When Goldman's Lloyd Blankfein, JPMorgan's Jamie Dimon and Citi's Richard Parsons and Vikram Pandit are on the line, Geithner picks up the phone, according to a review of phone records by the Associated Press.
Geithner's calendar shows at least 80 contacts with Blankfein, Dimon, Parsons and Pandit during his first seven months as treasury secretary, according to the AP.
The outrage is not so much that the treasury secretary of the United States is in contact with major banking executives -- it would be a problem if he wasn't -- but when three banks are getting all the attention it does raise a few eyebrows.
(C) (JPM) (GS) (BAC) (MS) Considering the government owns a big chunk of Citi, we could make allowances for a little extra attention on that front. But Goldman and JPMorgan repaid taxpayers for the Troubled Asset Relief Funds they received.