The Bankers on Obama's Team
The latest round of Wall Street muckety-mucks now in charge of regulation.
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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 |
|
Treasury secretary's chief of staff |
Goldman Sachs lobbyist |
|
|
Gene Sperling |
Counselor to the treasury secretary |
Made nearly $900,000 advising Goldman Sachs |
|
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.
Learn more about Wall Street's accountability deficit.
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