Thursday, November 06, 2008

More bad news with possible Obama appointments

Lawrence Summers, mentioned as a possible Treasury Secretary, is a managing director at the hedge fund D.E. Shaw Group.

Robert Rubin, mentioned as a possible Treasury Secretary, has been temporary chair of Citgroup (and a current director) and co chair of Goldman Sachs. He also was a founder of the conlib economic group, the Hamilton Project.

Top Obama advisor Valerie Jarrett was a member of the board of the Chicago Stock Exachange from 2000 to 2007 and was chair from 2004-2007

Top Obama advisor John Podesta has a lobbying firm that has represented BP, Lockheed Martin, National Association of Broadcasters, Novartis Vaccines and Diagnostics, Sunoco and Wal-Mart

Bill Daley, advisor to the transition team, is mid west chairman of JP Morgan Chase.

Rahm Emanuel, whom Obama selected to be chief of staff, earned, according to Fortune magazine, $18 million between 1999 and 20002 working as a managing director for the investment banks Dresdner Kleinwort Wasserstein

Tim Geithner, a possible Treasury Secretary, is head of the NY Federal Reserve. His first boss was Henry Kissinger and he has close ties to the Wall Street players.

John Corzine, now governor of New Jewrsey and possible Treasury Secretary and CEO of Goldman Sachs before Hank Paulsen staged a coup and got rid of him

Richard Holbrooke, mentioned for Secretary of State, is vice president of Perseus, a major private equity firm. He was a member of the board of AIG until July when he resigned. He has also been vice chair of Credit Suisse First Boston, and managing director of Lehman Brothers.

Other names dropped:

John W Rogers Jr runs a mutual fund company in Chicago where Obama spent much of the day after the election.

Otto Kramer is a financier at Boston Provident.

Robert Wolfe is an investment banker and CEO of UBS Americas

Mark Gallogly is a private equity expert who funded the firm Centerbridge after working at Blackstone.

Jim Torrey is a fund manager.

Brian Mathis works for the Provident Group

Frank Brosens runs Taconic Capital Advisors

Josh Gotbaum formerly with Lazard Freres

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