Bloomberg.com is reporting that Peter Orszag, formerly director of the Office of Management and Budget in the Obama administration, is in talks with Citigroup to join its investment banking division. Orszag wouldn't be the first former government official to land at Citigroup, as our friends at the Center for Responsive Politics show.
The Bloomberg article makes for interesting Poligraft fodder.
Continue readingBig bailout recipients contribute to New York pols, Republican Senate aspirants
They received billions in help from the federal government to stay afloat during the worst days of the financial crisis... View Article
Continue readingShelby smells a rat in S. 3217
Sen. Richard Shelby, R-Ala, doesn't believe the financial reform bill the Senate began debating today will actually regulate the large
financial organizations whose risky actions threatened the entire economy in 2008. Instead, the ranking member of the Senate Banking Committee sees the bill as something that will further institutionalize bank bailouts in the future.
Shelby noted that many large financial firms -- like Goldman Sachs and Citigroup -- have expressed support for the legislation.
“(Large financial firms) know that the bill will bring them and Wall Street firms like them under the Federal safety net where they will get preferential treatment ...
Revolving Door From Capitol Hill to Big Banks
Concerned about seeing their huge profits cut, six big banks are leading the charge to weaken or block new financial... View Article
Continue readingK Street Boom: At least 1,699 new clients in 2009
Lobbying firms and special interests have filed nearly 1,700 new registration forms so far in the first quarter of 2009, according to a review of lobbying disclosure forms available online at the Senate Office of Public Records. As the federal government pumps up spending and intervenes in the troubled financial markets, K Street firms appear to have had no shortage of new business.
Our first pass at a database of the registrations shows that some of the financial firms that have received funding under the Troubled Asset Relief Program including Citigroup, JP Morgan Chase & Co., Goldman Sachs and Fifth ...
Continue readingBailout Recipients Lobbying
From October 1, 2008 through the end of the year, eighteen companies that had received, or would receive, bailout funds... View Article
Continue readingStatement: Sen. Levin will Release TARP Contracts
I just received a one line statement from Tara Andringa, press officer for Sen. Carl Levin, on the will he... View Article
Continue readingSen. Levin: Transparency for me, not for thee
Sen. Carl Levin, angered by the lack of transparency in the Troubled Assets Relief Program, vowed to subpoena the Treasury... View Article
Continue readingThe Revolving Door, Robert Rubin, and Citigroup
Today, President-Elect Barack Obama named the key members of economic team including Timothy Geithner as Treasury Secretary and Larry Summers... View Article
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