Post by jeffolie on Mar 5, 2011 15:54:52 GMT -6
Revolving door corruption is not limited to Washington, it includes States, Cities, Regulatory Agencies at State and Federal levels.
The below piece names people in the revolving door corruption: 22 Wall St. to Wash to Wall St.
Revolving door corruption is not limited to Wall St., it includes military industrial complex, big pharma, law firms, lobbying firms...
American government is not fair, just...just corrupted
It could be worse such as with dictators...
========================================
THE REVOLVING DOOR: 22 People Who Went From Wall Street To Washington To Wall Street
The list of Wall Streeters who have ended up with government jobs, and vice versa, is long.
Some would argue that the incestuous nature of the relationship and the revolving door between Washington and downtown Manhattan is dangerous.
Others are glad to have people in the Capitol making decisions about the economy who have actually been involved in it practically.
The Wall Street-to-Washington-and-back revolving door has been swinging at least since 1934 (when Joseph Kennedy was appointed Chairman of the SEC by President Roosevelt, after a successful career on Wall Street), and it's still going.
In the last couple of months, the government has found appointees on the Street and banks have pulled new employees from the SEC and the Fed.
To give you a better idea of the swarm of people who have served time on Wall Street and K Street or Pennsylvania Avenue, or all three, we rounded up a few of our favorites and the newest converts.
Joseph Kennedy
On Wall Street: President of the Columbia Trust Bank; employee of stock brokerage firm Hayden, Stone & Co; independent investor
For the government: First Chairman of the SEC; Ambassador to Great Britain
Martin Feldstein
For the government: Served as President and Chief Executive Officer of the NBER; chairman of the Council of Economic Advisers and chief economic advisor to President Ronald Reagan.
On Wall Street: Sat on boards of AIG Financial Products and JPMorgan
Back to the government: Board member of President's Economic Recovery Advisory Board.
Robert Rubin
On Wall Street: Chairman and COO of Goldman Sachs
For the Government: Secretary of Treasury under Bill Clinton
Back on Wall Street: Vice Chairman of Citigroup, Special Limited Partner with Insight Venture Partners
Laura Tyson
On Wall Street: Board director of Stanley Morgan
For the government: Chair of the US President's Council of Economic Advisers during the Clinton Administration. She also served as Director of the National Economic Council.
Hank Paulson
On Wall Street: Goldman Sachs CEO
For the government: Secretary of Treasury under George W. Bush and President Obama
Carlos Gutierrez
For the government: George W. Bush’s Commerce Secretary
On Wall Street:: Vice Chairman of Cit's Institutional Clients Group
Faryar Shirzad
For the government: On the staff of the National Security Council at the White House; special assistant to the President for International Economic Affairs; deputy assistant to the President and deputy national security advisor for International Economic Affairs under George W. Bush
On Wall Street: Vice President and Director of International Public Policy at Goldman Sachs
Larry Summers
For the government: Director of the White House National Economic Council for President Barack Obama, Secretary of the Treasury under Obama
On Wall Street: Paid keynote speaker at banks including Goldman and JP Morgan; will be keynote speaker at annual Alpha Hedge Bermuda Global Hedge Fund Summit; consultant to hedge funds including D.E Shaw.
Read more at the Business Insider >
David Markowitz
For the government: SEC Assistant Regional Director; Staffer on New York Attorney General Andrew Cuomo's team
On Wall Street: Associate General Counsel and a senior member of the litigation and regulatory proceedings group at Goldman Sachs
Mark Patterson
On Wall Street: Chief Goldman Sachs lobbyist
For the government: Chief of Staff in Obama's Treasury Department.
Lewis Sachs
For the government: Former NY Federal Reserve Advisor (and a longtime friend of Tim Geithner)
On Wall Street: Partner at Mariner Investment Group, a holding group for various hedge funds
Back to the government: Senior Economic Adviser to President Obama
Daniel Zelikow
On Wall Street: Managing Director in the Government Institutions Group within J.P. Morgan's Investment Bank.
For the government: Various senior roles within the U.S. Department of the Treasury under President Clinton, including Deputy Assistant Secretary for Asia, the Americas and Africa; headed task force that oversaw $20 billion emergency financing program for Mexico in 1995 (and is one of Tim Geithner's oldest and dearest friends)
Back on Wall Street: Head of International Public Sector Group at JPMorgan.
Gary Gensler
On Wall Street: Senior Partner and Co-Head of Finance at Goldman Sachs
For the government: Head of the Commodity Futures Trading Commission
Michael Froman
On Wall Street: COO at Citigroup Alternative Investments
For the government: Deputy Assistant to the President and Deputy National Security Adviser for International Economic Affairs in the Obama Administration
Jacob Lew
For the government: Special Assistant to the President under President Clinton
On Wall Street: COO of Citigroup Alternative Investments
Back to the government: Director of the United States Office of Management and Budget
William Dudley
On Wall Street: Chief Economist, managing director and partner of Goldman Sachs
For the government: President and CEO of the New York Federal Reserve
Peter Orszag
For the government: White House Budget Director
On Wall Street: Vice Chairman of Citi's Investment Bank
Theo Lubke
For the government: Chairman of the New York Fed
On Wall Street: Chief Regulatory Reform officer at Goldman Sachs
Bill Daley
For the government: U.S. Secretary of Commerce under President Clinton
On Wall Street: Midwest Chairman at JP Morgan
Back to the government: White House Chief of Staff under President Obama
Neel Kashkari
On Wall Street: Vice President at Goldman Sachs
For the government: Special assistant to Treasury Secretary Henry Paulson; led the Office of Financial Stability, and helped set up TARP.
Back on Wall Street: Managing Director in charge of new investment initiatives at PIMCO
Alexander Friedman
For the government: Worked in the Department of Defense under Bill Clinton
On Wall Street: Managed private investment vehicle, Asymmetry LLC; senior advisor to Lazard; Chief Investment Officer at UBS
Mona Sutphen
www.businessinsider.com/people-who-have-worked-on-wall-street-washington-white-house-2011-3?op=1
The below piece names people in the revolving door corruption: 22 Wall St. to Wash to Wall St.
Revolving door corruption is not limited to Wall St., it includes military industrial complex, big pharma, law firms, lobbying firms...
American government is not fair, just...just corrupted
It could be worse such as with dictators...
========================================
THE REVOLVING DOOR: 22 People Who Went From Wall Street To Washington To Wall Street
The list of Wall Streeters who have ended up with government jobs, and vice versa, is long.
Some would argue that the incestuous nature of the relationship and the revolving door between Washington and downtown Manhattan is dangerous.
Others are glad to have people in the Capitol making decisions about the economy who have actually been involved in it practically.
The Wall Street-to-Washington-and-back revolving door has been swinging at least since 1934 (when Joseph Kennedy was appointed Chairman of the SEC by President Roosevelt, after a successful career on Wall Street), and it's still going.
In the last couple of months, the government has found appointees on the Street and banks have pulled new employees from the SEC and the Fed.
To give you a better idea of the swarm of people who have served time on Wall Street and K Street or Pennsylvania Avenue, or all three, we rounded up a few of our favorites and the newest converts.
Joseph Kennedy
On Wall Street: President of the Columbia Trust Bank; employee of stock brokerage firm Hayden, Stone & Co; independent investor
For the government: First Chairman of the SEC; Ambassador to Great Britain
Martin Feldstein
For the government: Served as President and Chief Executive Officer of the NBER; chairman of the Council of Economic Advisers and chief economic advisor to President Ronald Reagan.
On Wall Street: Sat on boards of AIG Financial Products and JPMorgan
Back to the government: Board member of President's Economic Recovery Advisory Board.
Robert Rubin
On Wall Street: Chairman and COO of Goldman Sachs
For the Government: Secretary of Treasury under Bill Clinton
Back on Wall Street: Vice Chairman of Citigroup, Special Limited Partner with Insight Venture Partners
Laura Tyson
On Wall Street: Board director of Stanley Morgan
For the government: Chair of the US President's Council of Economic Advisers during the Clinton Administration. She also served as Director of the National Economic Council.
Hank Paulson
On Wall Street: Goldman Sachs CEO
For the government: Secretary of Treasury under George W. Bush and President Obama
Carlos Gutierrez
For the government: George W. Bush’s Commerce Secretary
On Wall Street:: Vice Chairman of Cit's Institutional Clients Group
Faryar Shirzad
For the government: On the staff of the National Security Council at the White House; special assistant to the President for International Economic Affairs; deputy assistant to the President and deputy national security advisor for International Economic Affairs under George W. Bush
On Wall Street: Vice President and Director of International Public Policy at Goldman Sachs
Larry Summers
For the government: Director of the White House National Economic Council for President Barack Obama, Secretary of the Treasury under Obama
On Wall Street: Paid keynote speaker at banks including Goldman and JP Morgan; will be keynote speaker at annual Alpha Hedge Bermuda Global Hedge Fund Summit; consultant to hedge funds including D.E Shaw.
Read more at the Business Insider >
David Markowitz
For the government: SEC Assistant Regional Director; Staffer on New York Attorney General Andrew Cuomo's team
On Wall Street: Associate General Counsel and a senior member of the litigation and regulatory proceedings group at Goldman Sachs
Mark Patterson
On Wall Street: Chief Goldman Sachs lobbyist
For the government: Chief of Staff in Obama's Treasury Department.
Lewis Sachs
For the government: Former NY Federal Reserve Advisor (and a longtime friend of Tim Geithner)
On Wall Street: Partner at Mariner Investment Group, a holding group for various hedge funds
Back to the government: Senior Economic Adviser to President Obama
Daniel Zelikow
On Wall Street: Managing Director in the Government Institutions Group within J.P. Morgan's Investment Bank.
For the government: Various senior roles within the U.S. Department of the Treasury under President Clinton, including Deputy Assistant Secretary for Asia, the Americas and Africa; headed task force that oversaw $20 billion emergency financing program for Mexico in 1995 (and is one of Tim Geithner's oldest and dearest friends)
Back on Wall Street: Head of International Public Sector Group at JPMorgan.
Gary Gensler
On Wall Street: Senior Partner and Co-Head of Finance at Goldman Sachs
For the government: Head of the Commodity Futures Trading Commission
Michael Froman
On Wall Street: COO at Citigroup Alternative Investments
For the government: Deputy Assistant to the President and Deputy National Security Adviser for International Economic Affairs in the Obama Administration
Jacob Lew
For the government: Special Assistant to the President under President Clinton
On Wall Street: COO of Citigroup Alternative Investments
Back to the government: Director of the United States Office of Management and Budget
William Dudley
On Wall Street: Chief Economist, managing director and partner of Goldman Sachs
For the government: President and CEO of the New York Federal Reserve
Peter Orszag
For the government: White House Budget Director
On Wall Street: Vice Chairman of Citi's Investment Bank
Theo Lubke
For the government: Chairman of the New York Fed
On Wall Street: Chief Regulatory Reform officer at Goldman Sachs
Bill Daley
For the government: U.S. Secretary of Commerce under President Clinton
On Wall Street: Midwest Chairman at JP Morgan
Back to the government: White House Chief of Staff under President Obama
Neel Kashkari
On Wall Street: Vice President at Goldman Sachs
For the government: Special assistant to Treasury Secretary Henry Paulson; led the Office of Financial Stability, and helped set up TARP.
Back on Wall Street: Managing Director in charge of new investment initiatives at PIMCO
Alexander Friedman
For the government: Worked in the Department of Defense under Bill Clinton
On Wall Street: Managed private investment vehicle, Asymmetry LLC; senior advisor to Lazard; Chief Investment Officer at UBS
Mona Sutphen
www.businessinsider.com/people-who-have-worked-on-wall-street-washington-white-house-2011-3?op=1