Tuesday, April 20, 2010

'O' NO! Lie # (We Lost Count) Goldman Sachs Hires Ex-White House Counsel.

Oh we miss Tim Russert, a REAL journalsist. There's only a few left who are NOT willing to toss Obama's salad...

Goldman Sachs has enlisted former White House counsel Gregory Craig to help the embattled Wall Street giant navigate through a grilling on Capitol Hill and an investigation for alleged fraud by the Securities and Exchange Commission, according to Politico.com.

The mammoth bank was slapped with the surprise fraud charges by the SEC on Friday, related to a complex subprime mortgage deal that was coordinated prior to the collapse of the housing market.

Craig, a source familiar with the bank's dealings tells Politico, was hired for his "deep understanding of the legal process and the world of Washington."

The source told Politico that comfort operating in both of those arenas is important, "for everybody in finance right now."

As Politico's Eamon Javers and Mike Allen point out in the article, they're of particular importance for Goldman.

The news website's source said Craig, who has deep connections with the Democratic party, wasn't brought onboard strictly for his rolodex. "It's about advice and process," said the unnamed individual. READ MORE...

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