Conservatives opposed to Democratic proposals for financial reform have expressed some skepticism
regarding the new SEC suit against Goldman Sachs. The timing just looks
too perfect--guaranteed to whip up populist sentiment ahead of financial reform debates. Now, in a slight shift of strategy,
Obama's critics are pointing to another peculiarity of Democrats' embrace of anti-Wall Street sentiment: the administration is rife with Goldman Sachs
- Both Parties Are Deep in Wall Street Money
"Both parties have attempted to warn the American people about the
other side's long-standing affiar with Wall Street," notes Reason's Peter Suderman. "Which side has been seduced the most fully, the most often? Who cares? It's a threesome." That's his take on a Daily Caller article on Wall Street money in Washington.
- Goldman Employees Gave to Obama "President Bush's connections to Enron were well-hyped
during the company's accounting debacle that rippled through the
economy," writes J.P. Freire
at The Washington Examiner. Yet numbers on OpenSecrets.org show
"compaign contributions from Goldman Sachs employees to president Obama
are nearly seven times as much as President Bush received from Enron
- Follow the Men "His administration is infested with them," writes conservative Michelle Malkin. Some of her examples:
Sachs partner Gary Gensler is Obama's Commodity Futures Trading
Commission head ... Goldman Sachs kept White House Chief of Staff Rahm
Emanuel on a $3,000 monthly retainer while he worked as Clinton’s chief
fundraiser... Former Goldman Sachs lobbyist Mark Patterson serves under
Geithner as his top deputy and overseer of TARP bailout ... White House
National Economic Council head Larry Summers reaped nearly $2.8 million
in speaking fees from many of the major financial institutions and
government-bailout recipients he now polices, including JP Morgan
Chase, Citigroup, Lehman Brothers, and Goldman Sachs ... [Larry]
Summers's [former] boss, then–secretary of the Treasury Robert Rubin,
was former co-chairman of ... Goldman Sachs
- Or Follow Goldman's New Lawyer Gawker's Adrian Chen is one of many to raise an eyebrow at former White House counsel Greg Craig's defection. In the headline, he jokes, "Goldman Sachs Hoping Old White House Counsel Still Has Obama's Cell Number."
Want to add to this story? Let us know in comments
or send an email to the author at
hhorn at theatlantic dot com.
You can share ideas for stories on the Open Wire.