The National Commission on Fiscal Responsibility and Budget Reform was initiated by President Barack Obama and parallels the Clinton-lead Bipartisan Commission on Entitlement and Tax Reform of 1994. It strongly mirrors the 1994 charge to cut "entitlement" spending (spending that aids individual citizens) as the way to cut the deficit, rather than other kinds of spending that benefits corporations.[9]
http://www.nachumlist.com/goldmansachsobama.htm
Excerpt:
Goldman Sachs personnel in the ObamaWhite House
Lael Brainard: Brainard is the United States Under Secretary of the Treasury for International Affairs in the administration of Obama
Gregory Craig: Former White House Counsel, Recently hired by Goldman SachsThomas Donilon: Deputy National Security Adviser(despite having a career that is mostly involved with domestic politics). Donilon was a lawyer at O’Melveny and Myers and made almost $4 million representing meltdown clients including Penny Pritzker (of Chicago) and Goldman.
William C. Dudley : president and chief executive officer of the Federal Reserve Bank of New York, partner and managing director at Goldman, Sachs and was the firm’s chief U.S. economist for a decade
Douglas Elmendorf: Obama Director of the Congressional Budget Office in January 2009, replaced Furman as Director of the Hamilton Project (Note that the Hamilton Project was funded by Robert Rubin and Goldman Sachs)
Rahm Emanuel: Obama Chief of staff, on the payroll of Goldman Sachs, receiving $3,000 per month from the firm to “introduce us to people,” in the words of one Goldman partner at the time.
Dianna Farrell: Obama Administration: Deputy Director, National Economic Council, Former Goldman Sachs Title: Financial Analyst
Stephen Friedman: Obama Administration: Chairman, President’s Foreign Intelligence Advisory Board, Former Goldman Sachs Title: Board Member (Chairman, 1990-94; Director, 2005
Michael Frohman: Robert Rubin’s Chief of Staff while Rubin served as Secretary of the Treasury and an Obama “head hunter” according to “Rubin Proteges Change Their Tune as They Join Obama’s Team” in the New York Times.
Anne Fudge: appointed Fudge to Obama budget deficit reduction committee. Fudge has been the PR craftsman for some of America’s largest corporations. She sits, according to the Washington Post, as a Trustee of the Brookings Institution within which the Hamilton Project is embedded.
Jason Furman: directed economic policy for the Obama Presidential Campaign, served as the second Director of the Hamilton Project after Peter Orszag’s departure for the Obama administration
Mark Gallogly: Sits on the Hamilton Project’s advisory council. He is also, according to Wikipedia, currently a member of Obama’s President’s Economic Recovery Advisory Board.
Timothy Geithner: Secretary of the Treasury, a former managing director of Goldman Sachs
Gary Gensler: Obama Administration: Commissioner, Commodity Futures Trading Commission, Former Goldman Sachs Title: Partner and Co-head of Finance
Michael Greenstone: the 4th Director of the Hamilton Project. Just as attorney Craig went from advising Obama to defending Goldman Sachs against the SEC complaint, Greenstone has used the revolving door to go from went an economic adviser position to Obama to one of the Goldman Sachs outlets, in this case its think tank embedded in the Brookings Institution and funded by Goldman and Robert Rubin. All 3 previous Directors of the Hamilton Project work in the Obama administration.
Robert Hormats: Obama Administration: Undersecretary for Economic, Energy and Agricultural Affairs, State DepartmentFormer Goldman Sachs Title: Vice Chairman, Goldman Sachs Group
Neel Kashkari: served under Treasury Secretary Paulson and was kept on by Obama after his inauguration for a limited period to work on TARP oversight, former Vice President of Goldman Sachs in San Francisco where he where he led Goldman’s Information Technology Security Investment Banking practice.
Karen Kornbluh: (sometimes called "Obama’s brain") Obama Ambassador to the OECD, was Deputy Chief of Staff to Mr. Goldman Sachs, Robert Rubin
Jacob (AKA "Jack") Lew: the United States Deputy Secretary of State for Management and Resources. According to Wikipedia, Lew sits on the Brookings-Rubin funded Hamilton Project Advisory Board. He also served with Robert Rubin in Bill Clinton’s cabinet as Director of OMB.
David Lipton: now at Obama’s National Economic Council and the National Security Council. Lipton -worked with Larry Summers and Timothy Geithner, on the US response to the Asian financial crisis of the 1990’s. MergeFoundations reports that Lipton worked closely with Robert Rubin:
Emil Michael: White House Fellow, former investment banker with Goldman Sachs
Philip Murphy: Obama Administration: Ambassador to Germany, Former Goldman Sachs Title: Head of Goldman Sachs, Frankfurt
Barack Obama: Obama owes his career to Goldman Sachs which was not only his biggest financial contributor when he ran for the presidency but also his biggest contributor when he ran for the Senate
Peter Orszag, Obama Budget Director, founding director of the Hamilton Project, funded by Goldman Sachs and Robert Rubin. Wikipedia indicates that Robert Rubin, Goldman’s ex-head, was one of Orszag’s mentors.
Mark Patterson: Obama Administration: Chief of Staff to Treasury Secretary, Timothy Geitner, Former Goldman Sachs Title: Lobbyist 2005-2008; Vice President for Government Relations
Mark Peterson: Chief of staff to Timothy Geithner, Goldman Sachs vice president and lobbyist
Steve Ratner: the shady billionaire financier who Obama appointed as his “car czar” and who resigned after it was revealed that his company, the Quadrangle Group, was apparently involved in “pay to play” for a billion dollars or so of New York State pension funds, and was under possible indictment by the New York AG and the SEC, also sits on the Advisory Council of the Goldman funded Hamilton Project
Robert Reischauer: a member of the Medicare Payment Advisory Commission from 2000-2009 and was its vice chair from 2001-2008. He too sits on the Hamilton Project’s advisory board.
Alice Rivlin: Obama named Alice Rivlin to his so called deficit reduction commission.
James Rubin: Son of Robert Rubin. Served as a headhunter for Obama per the New York Times article, "Rubin Proteges Change Their Tune as They Join Obama’s Team"
Gene Sperling: advisor to Timothy Geithner on bailouts, Sperling paid by Goldman Sachs for one year of consulting work.
Adam Storch: Obama Managing Executive of the Security and Exchange Commission’s Division of Enforcement Vice President in the Goldman Sachs Business Intelligence Group
Larry Summers: Obama chief economic adviser and head of the National Economic Counsel, Worked under Robert Rubin at Goldman Sachs
John Thain: Obama Administration: Advisor to Treasury Secretary, Timothy Geitner, Former Goldman Sachs Title: President and Chief Operating Officer (1999-2003)
Under the Bush Adminstration:
Joshua Bolten: Bush II Administration: White House Chief of Staff (2006 – 2009), Former Goldman Sachs Title: Executive Director, Legal & Government Affairs (1994-99)
William C Dudley: NY Federal Reserve: Current President/CEO, Former Goldman Sachs Title: Partner and managing director – 2007
Edward C. Forst: Bush II Administration: Advisor on setting up TARP to Treasury Secretary, Henry Paulson 2008 Former Goldman Sachs Title: Co-head of Goldman’s investment management business
Stephen Friedman: NY Federal Reserve: Former Chairman of the Board – 2009, former Goldman Sachs Title: Board Member (Chairman, 1990-94; Director, 2005-)
Gary Gensler: Bush II Administration: Undersecretary, Treasury (1999-2001) and Assistant Secretary, Treasury (1997-1999), Former Goldman Sachs Title: Partner and Co-head of Finance
Reuben Jeffery III: Bush II Administration: Undersecretary for Economic, Energy and Agricultural Affairs, State Department (2007 –2009) Former Goldman Sachs Title: Managing Partner Paris until 2002 Security Investment Banking Practice
Dan Jester: Bush II Administration: Advisor on setting up TARP to Treasury Secretary, Henry Paulson 2008, Former Goldman Sachs Title: Deputy CFO
Neel Kashkari: Bush II Administration: Assistant Secretary for Financial Stability, Treasury (2008 – 2009) Former Goldman Sachs Title: Vice President, San Francisco; led Information Technology Security Investment Banking Practice
Henry Paulson: Bush II Administration: Secretary, Treasury 2006 - 2009, Former Goldman Sachs Title: Chairman and CEO (1998-2006)
Robert Rubin: Bush II Administration: Secretary, Treasury 1995-1999, Former Goldman Sachs Title: Vice Chairman (1987-90)
Robert Steel: Bush II Administration: Under Secretary for Domestic Finance, Treasury, (2006 – 2008) Former Goldman Sachs Title: Vice Chairman – 2004
Steve Shafran: Bush II Administration: Advisor on setting up TARP to Treasury Secretary, Henry Paulson 2008 Former Goldman Sachs Title: Private equity business in Asia until 2000
Kendrick R. Wilson III: Bush II Administration: Advisor on setting up TARP to Treasury Secretary, Henry Paulson 2008 Former Goldman Sachs Title: Chairman of Goldman’s financial institutions groups
Robert Zoellick: Bush II Administration: United States Trade Representative (2001-2005), Deputy Secretary of State (2005-2006), World Bank President (2007 -), Former Goldman Sachs Title: Vice Chairman, International (2006-07)
Other Noteworthy Appointees:
Mark Carney: Current Title: Governor, Bank of Canada, Former Goldman Sachs Title: Managing Director Goldman Sachs Canada until 2003
Mario Draghi: Current Title: Governor of the Bank of Italy (2006- ), Former Goldman Sachs Title: European Deputy Chairman/Partner until 2006
Edward Liddy: Current Title: AIG CEO, Former Goldman Sachs Title: Board Member (Chairman, 1990-94; Director, 2005-)
Duncan Niederauer: Current Title: Chair/CEO NYSE, Former Goldman Sachs Title: Managing Director – 2007
Romano Prodi: Current Title: Prime Minister of Italy (1996-1998 and 2006-2008) and President of the European Commission (1999-2004), Former Goldman Sachs Title: Paid adviser/consultant 1990 – 1993
Massimo Tononi: Current Title: Italian Deputy Treasury Chief (2006-2008), Former Goldman Sachs Title: Partner 2004 - 2006
Malcolm Turnbull: Current Title: Federal Leader, Liberal Party, Australia, Former Goldman Sachs Title: Partner (1998-2001)
David Watson: Current Title: Monetary Policy Committee, Bank of England, Former Goldman Sachs Title: Chief European economist
http://www.bnet.com/blog/financial-business/friedman-scandal-spurs-rules-change-for-federal-reserve-banks/2624
Excerpt:
The Federal Reserve Board is changing its rules for board members of member banks, presumably to avoid the sort of blatant conflict of interest that clouded Stephen Friedman’s tenure as chairman of the Federal Reserve Bank of New York.
Friedman served at the New York Fed while also sitting on the board of Goldman Sachs. He resigned from the bank in May after it was revealed that he had purchased shares in the investment bank just as the Fed was bailing out Wall Street.
Friedman denied he had broken any rules. Yet the scandal exposed (again) the incestuous relations between large financial companies and the dozen Federal Reserve banks ostensibly charged with watching them.
Among other changes, the new rules bar directors of Federal Reserve banks who are assigned to represent the public interest — known as “Class C” directors — from holding shares in a company that becomes a financial stock issuer during their term. Friedman was a Class C director at the New York Fed at the time he was boosting his holdings of Goldman stock.
In such cases, such directors must sell the stock or resign from the bank’s board. Until the offending stock is sold, directors are recused from their official duties and are prohibited from acquiring additional shares in the relevant company while they serve on the board.
“It’s a very good idea to tighten it up to reduce any ambiguity,” former St. Louis Fed President William Poole, now a senior fellow at the Cato Institute in Washington, told Bloomberg. “It’s obviously an effort to respond to the political pressure for changing the Federal Reserve structure.”The new regs should make a difference. But it’s likely to be marginal. Tightening the eligibility requirements for Federal Reserve bank directors may deter egregious abuses like Friedman’s. But they do little to stop the revolving door between Wall Street and government, nor weaken the financial industry’s hand in shaping U.S. economic policy.
http://en.wikipedia.org/wiki/Stephen_Friedman_(PFIAB)
Excerpt:
http://www.sourcewatch.org/index.php?title=Stephen_Friedman
Excerpt:
http://en.wikipedia.org/wiki/Amanda_Peet
Excerpt:
Personal life
Peet married screenwriter David Benioff on September 30, 2006, in New York City[39] and gave birth to a daughter, Frances Pen
, on February 20, 2007.[40] After announcing the pregnancy in December 2009, Peet gave birth to her second daughter, Molly June, on April 19, 2010.[41] The family lives in Manhattan and Beverly Hills. Peet was maid of honor at Lauren Holly's marriage in 2001 to Francis Greco.
http://www.sourcewatch.org/index.php?title=Center_for_a_New_American_Security
http://www.sourcewatch.org/index.php?title=Committee_to_Encourage_Corporate_Philanthropy
http://en.wikipedia.org/wiki/President's_Intelligence_Advisory_Board
Excerpt:
Advisory Board
Accessed January 2011: [6]- Steve Biegun, Hans Binnendijk, Victor Cha, Dell L. Dailey, Robert Leslie Deak, Peter B. deNeufville, David A. Deptula, Charles Dunlap, Peter Feaver, Stephen Friedman, Michael Green, Andrew R. Hoehn, Mary L. Howell, Jill Iscol, Marc Lasry, Jaekwan Lee, Michael O'Hanlon, Chris Raymond, Randy Schriver, Sarah Sewall, Wendy Sherman, Tobby Simon, Jim Thomas, Alexia von Lipsey
Contact information
Center for a New American Security1301 Pennsylvania Avenue, NW, Suite 403
Washington, DC 20004
Phone: 202-457-9400
Website: http://www.cnas.org/
http://www.sourcewatch.org/index.php?title=Chicago_Council_on_Global_Affairs
Excerpt:
Contact
- The Chicago Council on Global Affairs
- 332 S. Michigan Avenue, Suite 1100
- Chicago, Illinois 60604-4416
- Ph: 312.726.3860
- Fax: 312.821.7555
- Web: http://www.thechicagocouncil.org/
Excerpts:
1) Peter Peterson (Peter G. Peterson) is a controversial Wall Street billionaire and former Nixon appointee who uses his wealth to underwrite PR campaigns against Social Security and other social safety net programs, hyping concerns about the federal deficit (although not targeting for budget cuts substantial military spending or other spending that benefits corporations).
He is the Chairman and Co-Founder of the Blackstone Group and the Chairman of the Federal Reserve Bank of New York. According to Forbes, Inc., Peterson has a personal net worth of nearly $2 billion, and he is ranked the 182nd richest person in the U.S. and 488th richest person in the world, as of 2010.[1]
He is the former Chairman of the Council on Foreign Relations (CFR), the founding Chairman of the Institute for International Economics (IIE), and the founding President of the Concord Coalition. He is also the former chairman and CEO of Lehman Brothers (1973-1977) and its successor firm, Lehman Brothers, Kuhn, Loeb (1977-1984). Before Lehman, he worked briefly in the administration of President Richard M. Nixon, as Assistant to the President for International Economic Affairs (1971) and as Secretary of Commerce (1972). He also served as a chairman of Nixon's National Commission on Productivity and as the U.S. Chairman of the "U.S.-Soviet Commercial Commission." Before that, from 1963-1971, he was chairman/CEO of the Bell and Howell Corporation.
2) Smoking Guns: The Obama Administration Deficit Commission and Peter Peterson Nexus
The National Commission on Fiscal Responsibility and Budget Reform was initiated by President Barack Obama and parallels the Clinton-lead Bipartisan Commission on Entitlement and Tax Reform of 1994. It strongly mirrors the 1994 charge to cut "entitlement" spending (spending that aids individual citizens) as the way to cut the deficit, rather than other kinds of spending that benefits corporations.[9]
The Commission not only has many of the same players involved in the Bill Clinton-initiated 1994 effort to dismantle so-called "entitlement spending," but more significantly, it is rife with those who were involved with the Peterson Foundation-funded America Speaks town halls.[10] This includes the likes of Paul Ryan, Judd Gregg, and Kent Conrad, all of whom, not surprisingly, also partook in the Peter G. Foundation-lead April 2010 "Fiscal Summit," also known as America’s Crisis and A Way Forward."[11][12][13] This summit also included names like Robert E. Rubin, Bill Clinton, then Director of the Office of Management and Budget Peter Orszag (who now works for Citigroup),[14] Alan Greenspan, and David M. Walker on its roster.[15][16]
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