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Revolving Door Policy: Washington & Wall Street
at 2006-07-09 19:40:33

Make no mistake, Wall Street run's Washington. It is amazing to see how much clout Goldman Sachs has with the inter-workings of Washington.

Today, Deputy Secretary of State Bob Zoellick resign to take a job with the investment bankers at Goldman Sachs. Zoellick was apparently upset that he was passed over for another Goldman Sachs executive, Henry Paulson for the job as treasury secretary.- Read Article

The other 2 Goldman executives that also have influence with Washington are of course;

Senator Jon Corzine from New Jersey- Read Article
Former Treasury Secretary, Robert Rubin- Read Article

Wasn't Goldman Sachs one of the 10 firms fined by the SEC for their conflicts of interest between their research arms and investment banking? Yes, I do remember reading that somewhere before.-Read SEC Press Release




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