Just how many former Goldman Sachs employees are working for the government?

[Fireweed247]

Can you all help me make a list of all of the 'former' Goldman Sachs employees that are now in Government positions?

We got Paulson, Kashkeri, Geitner's chief of staff....maybe there is already a collection on DU somewhere?


Do people even understand the term conflict of interest anymore?

[MannyGoldstein]

1. All Of 'Em - They *Are* Our Government n/t

[Fireweed247]

4. ya

this is getting pretty absurd...

[DCKit]

2. Name any of the alphabet agencies, and there's a long list of industry insiders on the inside. n/t

[Fireweed247]

3. thanks for the rec

:hi:

I figured that some great DU researcher had already made a list somewhere?

[EFerrari]

5. Robert Scheer wrote an article last week that has some names, iirc.

Perp Walks Instead of Bonuses
http://www.truthdig.com/report/item/20090318_perp_walks_instead_of_bonuses/

[leftchick]

6. great question

though wear a fire retardant suit. It could get nasty. Meanwhile here you go for starters.....


Obama administration's team of insider zombies

http://seattletimes.nwsource.com/cgi-bin/PrintStory.pl?document_id=2008722353&zsection_id=268883724&slug=opina09sirota&date=20090209

By David Sirota



Only weeks ago, the political world was buzzing about a "team of rivals." America was told that finally, after years of yes-men running the government, we were getting a president who would follow Abraham Lincoln's lead, fill his administration with varying viewpoints, and glean empirically sound policy from the clash of ideas. Little did we know that "team of rivals" was what George Orwell calls "newspeak": an empty slogan "claiming that black is white, in contradiction of the plain facts."

Obama's national-security team, for instance, includes not a single Iraq war opponent. The president has not only retained George W. Bush's defense secretary, Robert Gates, but also 150 other Bush Pentagon appointees. The only "rivalry" is between those who back increasing the already bloated defense budget by an absurd amount and those who aim to boost it by a ludicrous amount.

Of course, that lock-step uniformity pales in comparison to the White House's economic team — a squad of corporate lackeys disguised as public servants.

At the top is Lawrence Summers, the director of Obama's National Economic Council. As Bill Clinton's treasury secretary in the late 1990s, Summers worked with his deputy, Tim Geithner (now Obama's treasury secretary), and Clinton aide Rahm Emanuel (now Obama's chief of staff) to champion job-killing trade deals and deregulation that Obama Commerce Secretary Judd Gregg helped shepherd through Congress as a Republican senator.

Now, this pinstriped band of brothers is proposing a "cash for trash" scheme that would force the public to guarantee the financial industry's bad loans. It's another ploy "to hand taxpayer dollars to the banks through a variety of complex mechanisms," says economist Dean Baker — and noticeably absent is anything even resembling a "rival" voice inside the White House.

That's not an oversight. From former federal officials like Robert Reich and Brooksley Born, to Nobel Prize-winning economists like Joseph Stiglitz and Paul Krugman, to business leaders like Leo Hindery, there's no shortage of qualified experts who have challenged market fundamentalism. But they have been barred from an administration focused on ideological purity.



BUT, I am SURE he had no idea of their thievery. :sarcasm:

[rollingrock]

7. Rahm Emanuel

A government for the banks, by the banks.

After serving as an advisor to Bill Clinton, in 1998 Emanuel resigned from his position in the Clinton administration. He then became an investment banker at Wasserstein Perella (now Dresdner Kleinwort), where he worked until 2002. In 1999, he became a managing director at the firm’s Chicago office. Emanuel made $16.2 million in his two-and-a-half-year stint as a banker, according to Congressional disclosures. At Wasserstein Perella, he worked on eight deals, including the acquisition by Commonwealth Edison of Peco Energy and the purchase by GTCR Golder Rauner of the SecurityLink home security unit from SBC Communications.

Emanuel was named to the Board of Directors for the Federal Home Loan Mortgage Corporation ("Freddie Mac") by then President Bill Clinton in 2000. His position paid him $31,060 in 2000 and $231,655 in 2001. During the time Emanuel spent on the board, Freddie Mac was plagued with scandals involving campaign contributions and accounting irregularities. The Office of Federal Housing Enterprise Oversight (OFHEO) later accused the board of having "failed in its duty to follow up on matters brought to its attention." Emanuel resigned from the board in 2001 when he ran for congress.

http://en.wikipedia.org/wiki/Rahm_Emanuel#Career_in_finance

[Fireweed247]

9. now THAT is disturbing

from the white house, to making 16.2 million as a banker, to freddie mac and back to the House again.

And how was he a 'leader' in the House when he hadn't even been in there all that long?

[rollingrock]

11. The corruption is so utterly blatant

it makes your head spin.

[bajamary]

13. because Rahm said so...

Alas, Rahm was my Congressman. When he went to COngress he made sure that his spin was that he "was a leader".

He also took credit for the 2006 Democratic congressional victories.

Howard Dean voiced his objections (as did many others). And Mr. Hot Temper Rahm went ballistic screaming at Howard Dean.

Don't forget that one of Rahm's brothers, Arie, is one of the most narcissistic Hollywood "talent agents". HBO has a series "Entourage" based of Mr. Huge Ego" Arie.

Arie sure taught his brother Rahmbo the tricks of the game.

[HughBeaumont]

8. How many ex-GS'ers are on CNBC?

Erin Burnett, Jim Cramer and Trish Regan come to mind.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=385x47656

Astounding. Cheerleadin' the gospel of unbridled corporatism and shady trade tactics, no doubt . . .

[Fireweed247]

15. interesting

and this is how they get away with it so easily...

[leftstreet]

10. "A Team of Rubins"

Interesting article from Nov 2008.
Doesn't answer your question but there's lots of info all the same.

http://www.huffingtonpost.com/robert-kuttner/team-of-rubins_b_145879.html

Robert Kuttner
Posted November 23, 2008 | 07:58 PM (EST)

(snips)

Which brings me back to Obama's economic team. Leaks suggest that it will include Tim Geithner as Treasury Secretary; Lawrence Summers as a senior White House adviser, perhaps head of the National Economic Council; Peter Orszag as director of OMB; and Jason Furman, Austan Goolsbee and Jack Lew in other senior economic positions. All are relative centrists. And with the exception of Goolbee, the one thing that all have in common is that every one is a protégé of former Treasury Secretary and current Citigroup executive Robert Rubin. Even Hillary Clinton, as president, might have found a fresher group.

What kind of magic does this man Rubin have? He was one of the key Democratic architects of the extreme financial deregulation that brought the economy to this pass. At Citi, he was one of the grand strategists of the speculation in securitized loans and off-balance-sheet gimmicks that has brought Citi to the edge of bankruptcy. Yet he continues to fall upwards. Surely Barack Obama must have noticed that Rubin is a false prophet. So why is his entire senior economic group a Team of Rubinistas?

On the front page of the Sunday New York Times for November 23 were two feature pieces in startling juxtaposition. The one, "Citigroup Pays for a Rush to Risk," documented Rubin's central role in running America's leading bank into the ground. The other, "Obama Vows Swift Action on Vast Stimulus Package," reported that one Obama top economic official after another was a Rubin man.

[Fireweed247]

12. just found another thread about this

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=114x61003

Geithner was a protege of Robert Rubin.
Rubin was Clinton's Sec. Treasury who pushed for the deregulation which led to this mess.
Rubin came to Treasury job from.................Goldman Sachs.

Geithner's Chief of Staff, Mark Patterson, was a lobbyist for...Goldman Sachs.

The new AIG CEO, Liddy, who was appointed by Paulson, came from Goldman Sachs.

[Fireweed247]

14. check this out- Goldman Sachs caused the Great Depression??!!

As Goldman Sachs alumni play a key role in stewarding the nation’s economy, it’s worth recalling that the late economist John Kenneth Galbraith blamed Goldman Sachs for helping to cause the Great Depression. In his book, The Great Crash, 1929, Galbraith, a key figure in President John F. Kennedy’s administration, devoted an entire chapter he titled “In Goldman, Sachs, We Trust,” to detailing the “large-scale corporate thimblerigging” that Goldman and other Wall Street firms practiced in the 1920s.

http://spectator.org/archives/2008/10/16/goldman-sachs-government

[Fireweed247]

16. another article

Has Goldman Sachs Taken Over the Bush Administration?
http://www.commondreams.org/headlines06/0820-06.htm


This information has been all over the Corporate News right? Because if I can find it, they can find it...