Turbo Tax Tim takes Goldman Sachs lobbyist for Chief of Staff…
can’t you feel the change?!?!?
so much for ETHICS ROOLZ….
Of all the firms who helped get us into this hole, Goldman Sachs IMO has the most to answer for and has not paid a price for their shenanigans.
Know why? Cause they run the finance arm of our government at this point and they lobby, lobby, lobby.
Think perhaps this genius hired as Chief of Staff to our new tax evading Treasury Secretary helped GS avoid any downside as the counterparty to AIG CDS by lobbying Turbo Tax Tim to put BILLIONS into AIG?
Yeah we do too.
Unfrakin real. A new era without lobbying
I call bullshit.
Like I always say, GS is Golden and they made money betting against their clients and they made money tanking our financial system after Paulson himself lobbied Congress to raise leverage limits…and they are making money on the TARP and the bailouts handling the asset purchases for the frakin FED Reserve too….
ANOTHER FINE MESS YOU’VE GOTTEN US INTO GOLDMAN SACHS!
And now Turbo Tax Tim has the AUDACITY to hire a GS LOBBYIST as his Chief of Staff?!?!
Gee wonder whose interests this guy will be looking out for. Think he has any GS stock? yeah.
Newly installed Treasury Secretary Timothy Geithner issued new rules Tuesday restricting contacts with lobbyists – and then hired one to be his top aide.
Mark Patterson, a former advocate for Goldman Sachs, will serve as chief of staff to Geithner as the Treasury Department revamps the Wall Street bailout program that sent an infusion of cash to his former employer.
According to that pledge, Patterson will be prohibited for the next two years from participating in Treasury decisions related to Goldman Sachs and the specific issues on which he lobbied.
Still, Sloan and financial service lobbyists question how Treasury will make those determinations. “Goldman so permeates the markets, how can you separate them out?” Sloan asked.
Patterson was a registered lobbyist for Goldman Sachs from 2005 until April of 2008. Lobbying disclosure forms suggest he represented the financial giant on a wide array of issues, including visas, tax credits for cellulosic ethanol and an Indian gaming facility in New York state.
His reports also list a July 2007 meeting at Treasury, but sources familiar with the meeting say it was an informational session about Goldman’s business practices organized at the department’s request.
The Treasury lobbying rules issued by Geithner Tuesday would restrict department lobbyist contacts connected to applications for funding from the Troubled Asset Relief Program and those associated with banks receiving government assistance…
(PS Guess who is new head of NY Fed to replace Tim? YES! Former Golden Slacks Economist, BWAAAHAA!)
MiM Market Update: Futures up sharply on news of Bad Bank…(covered by MiM yesterday) but ‘Dr Doom’ Rabini of NYU Stern School of Business told CNBC’s Becky Quick this morning at the Economic Forum in Davos, that we will see things decline even farther by the end of 09 as Auto, Student and Credit Card loans default….(gold baby, MiM says we need cash, short term Treasuries and gold)
At MiM we heard the news and this nursery rhyme popped into our head, LOL:
And the Treasury Secretary takes a Chief of Staff
the Tres Secv takes a chief of staff
hi ho the derrio the tres secty takes a chief of staff!
We think GS should be the cheese
and the cheese stands alone
the cheese stands alone…