Joe Biden's next gig could be on Wall Street

(Image credit: Mark Wilson/Getty Images)

published 21 January 2016

Joe Biden joked that he might want a job with Wall Street giant Goldman Sachs after his term is up this time next year. The vice president was speaking at a dinner hosted by the bank in advance of the World Economic Forum in Davos, Switzerland on Wednesday.

"I’m not qualified, but I may be coming back to you," he said to Goldman representatives at the event, adding that he has "never been gainfully employed before."

While Biden may have only been kidding, Goldman in particular is emblematic of the "revolving door" between Wall Street and the federal government, frequently serving as a destination for former federal officials and a hiring pool for new ones. Former Presidents Bill Clinton and George W. Bush both picked treasury secretaries from the bank's ranks, and Goldman was also the source of several lesser-known Obama appointees.

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Bonnie Kristian was a deputy editor and acting editor-in-chief of TheWeek.com. She is a columnist at Christianity Today and author of Untrustworthy: The Knowledge Crisis Breaking Our Brains, Polluting Our Politics, and Corrupting Christian Community (forthcoming 2022) and A Flexible Faith: Rethinking What It Means to Follow Jesus Today (2018). Her writing has also appeared at Time Magazine, CNN, USA Today, Newsweek, the Los Angeles Times, and The American Conservative, among other outlets.