Wall Street Hiring More Ex-Government Prostitutes Officials to Assure it Gets its Way

Revolving Door

Wall Street Hiring More Ex-Government Prostitutes Officials to Assure it Gets its Way

The infamous James Carville quote, “Drag a hundred-dollar bill through a trailer park, you never know what you’ll find,” seems more applicable to official Washington than the much-maligned Paula Jones.

Ben White at Politico (hat tip Paul Tioxon) provided an update on the revolving door, Wall Street edition. It’s so mind-numbingly common for a government figure to land a job with some Big Financial Firm You Heard Of that it’s hard to keep track. Most of us notice only the really high profile examples, such as former SEC chairman Mary Shapiro taking a board seat at financial-services heavyweight General Electric.

But White tells us that a shift is underway. Major banks have intensified their search for, um, talent, as in the Washington DC insider kind. The reason for their fondness for this type is, natch, an even keener interest than before in making sure that no regulation that could interfere with their imperial right to profit goes anywhere. And it appears this change in degree is a change of kind.

As White reports:

Two of the biggest blue-chip firms in the industry, Goldman Sachs and Morgan Stanley, will soon have top-level executives with the ear of the CEO who once occupied senior jobs in the White House and the U.S. Treasury. Other banks including Citigroup, Credit Suisse and JPMorgan Chase also have staffed up with former political and regulatory officials…

A very short list of other top political operatives now working in and around Wall Street includes: Ed Skyler, former deputy New York City mayor for operations, who is now executive vice president for global public affairs at Citigroup; Calvin Mitchell, who ran press operations for Geithner at the New York Federal Reserve and is now global co-head of corporate communications at Credit Suisse; Jennifer Zuccarelli, formerly of the Paulson Treasury department and Mark Kornblau, a veteran of multiple Democratic presidential campaigns, who both now have senior roles at JPMorgan Chase. Andrew Williams, a former Geithner spokesman, now works for Siewert at Goldman.

And there are many more.

Rest here…



2 Responses to “Wall Street Hiring More Ex-Government Prostitutes Officials to Assure it Gets its Way”
  1. dc says:

    You said it sarah and its BOOM right on the money.Where the fork is any sort of justice,ethics,decency,insight,honesty oh you know all the good things America was known for in a distant place in time?The solution is so simple “NO INSIES AND OUTSIES”,jumping back and forth between private and gov scenarios is just a big F-you to every working,non-working,black,white,hispanic,etc,every piece and fiber of American humanity.Like those folks are special or there better than the rest of us give me a break.Your not doctors,your not building anything or helping anyone but yourselves.You have found the way to manipulate this system so it is all about you and “getting whats yours”.Def not a public official,or a public anything and as a part of the bigger public,the one that pays your way,you need to conduct yourselves with some decency for the people you work for and and in reality it doesnt matter if its the private sector or not because without the people[the big #’s]you cant have a government,or a private sector so get a f…ing clue and do the right thing.Bunch of jokers and anyone who has that mindset is a joker as well,because people are starting to see it for what it is and there is no hiding it now, as a matter of fact you see it and hear about it nightly on the news “how corrupt washington and elected officials have become” its beyond sci fi its str8 up stupid.This also goes way beyond the borders of this country so when you people that think its cool to screw with other peoples lives and its all a game part of the big monopoly game hehe “its just a game come on dont take it so ……….just remember that your messing with like 70 bazillion folks and when the ish hits the fan you best go hide,because imo your no dif than say the bad bad guys of ww2 or the rest of the bad guys of the game.

  2. Sarah says:

    Articles like these undermine the entire premise of representative democracy. A radical conclusion which the press avoids. Where’s a solution? The right to petition otherwise doesn’t exist, and the entire housing crisis has shown indifference and more heinous punishment than we ever imagined. We can conclude the Government is not ours at all, it is owned outright by entities who aggressively deny housing, deny employment, and then freedom.

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