(C) Common Dreams
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The Bankers on Obama’s Team [1]

['Andy Kroll', 'Monika Bauerlein', 'Nomi Prins', 'Jonathan Stein', 'Daniel Schulman', 'Joseph Winters', 'Jackie Flynn Mogensen', 'Ian Millhiser', 'Henry Carnell', 'Benji Jones']

Date: 2009-12-21 12:00:00

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GOLDMAN SACHS CEO turned Treasury Secretary Hank Paulson wasn’t the first, or the last, to use the revolving door between Wall Street and Washington. Here’s a short list of Obama officials who got their start in the private sector—many, like Paulson, at “Government Sachs.”

OFFICIAL CURRENT ROLE IN WASHINGTON PREVIOUS ROLE ON WALL STREET Neal Wolin Deputy secretary of the treasury (Tim Geithner’s No. 2) Exec at one of the largest insurance and investment firms Mark Patterson Treasury secretary’s chief of staff Goldman Sachs lobbyist Gene Sperling Counselor to the treasury secretary Made nearly $900,000 advising Goldman Sachs Larry Summers Obama’s chief economic adviser Made $5 million as managing director of a hedge fund Rahm Emanuel White House chief of staff Made $16 million as a partner at a Chicago investment bank Herbert Allison Assistant secretary of the treasury (oversees TARP) Longtime exec at Merrill Lynch; headed Fannie Mae Kim Wallace Assistant secretary of the treasury for legislative affairs Managing director at Barclays Capital and Lehman Brothers Karthik Ramanathan Acting assistant treasury secretary for financial markets Foreign exchange dealer at Goldman Sachs Matthew Kabaker Deputy assistant secretary of the treasury Made $5.8 million at the Blackstone Group in 2008-2009 Lewis Alexander Counselor to the treasury secretary Chief economist at Citigroup; paid $2.4 million in 2008-2009 Adam Storch Managing executive of the SEC’s Division of Enforcement VP of Goldman Sachs’ Business Intelligence Group Lee Sachs Counselor to the treasury secretary Made more than $3 million at a New York hedge fund Gary Gensler Chairman of Commodity Futures Trading Commission 18 years at Goldman Sachs, where he made partner Michael Froman Deputy assistant to Obama, deputy nat’l security adviser Managing director of a Citigroup investment arm

This chart is part of Mother Jones’ coverage of the financial crisis, one year later.

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[1] Url: https://www.motherjones.com/politics/2009/12/henhouse-meet-fox-wall-street-washington-obama/

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