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Old 08-19-2011, 11:14 AM   #1
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Default The foxes are guarding the henhouse.

Okay, not a perfect idiom for this situation, but close enough.

http://market-ticker.org/akcs-www?singlepost=2675657

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This can't be true.... can it?

Quote:
Has Rep. Darrell Issa (R-CA) turned the House Oversight Committee into a bank lobbying firm with the power to subpoena and pressure government regulators? ThinkProgress has found that a Goldman Sachs vice president changed his name, then later went to work for Issa to coordinate his effort to thwart regulations that affect Goldman Sachs’ bottom line.

In July, Issa sent a letter to top government regulators demanding that they back off and provide more justification for new margin requirements for financial firms dealing in derivatives. A standard practice on Capitol Hill is to end a letter to a government agency with contact information for the congressional staffer responsible for working on the issue for the committee. In most cases, the contact staffer is the one who actually writes such letters. With this in mind, it is important to note that the Issa letter ended with contact information for Peter Haller, a staffer hired this year to work for Issa on the Oversight Committee.
Ok, so who is this guy? Just a staffer, right? Uh......

Quote:
Haller, as he is now known, went by the name Peter Simonyi until three years ago. Simonyi adopted his mother’s maiden name Haller in 2008 shortly after leaving Goldman Sachs as a vice president of the bank’s commodity compliance group. In a few short years, Haller went from being in charge of dealing with regulators for Goldman Sachs to working for Congress in a position where he made official demands from regulators overseeing his old firm.
You're joking right?

Oh, maybe you're not.

Where's my pitchfork and torch - or more importantly, where's yours?

This nation deserves an all-on economic and political collapse. I don't want to see one, as I know that what comes from it will be horrifying, but we have no argument at a moral, ethical or for that matter Biblical level for avoiding it any longer.

PS: For those who think this is some sort of smear job by ThinkProgress click that link above on "adopted". That's a saved copy of the web site from the law firm that publicly discloses the name change and guy's CV. He didn't even try to hide it - as of this morning, the same content is there. Yes, I looked.
tl;dr -- Goldmans Sachs VP in charge of working with regulators leaves company, changes name, gets new job working for Congress. His area of responsibility? Regulating Goldman Sachs.
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Old 08-19-2011, 11:35 AM   #2
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This is one of the times where I'll remind us that "Bush did it first"!!!
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