Stephen M. Hoffman has let his position as a Federal Reserve regulator to join Promontory Financial Group, a Washington D.C. financial services consulting firm.
The founder of Promontory is Eugene A. Ludwig, former U.S. Comptroller of the Currency and former Vice Chairman of Bankers Trust/Deutsche Bank.
Other Beltway Bandits at the firm include Alan Blinder who was Vice Chairman of the Board of Governors of the Federal Reserve System from 1994 to 1996, where he represented the Fed at various international meetings, and was a member of the Board's Committees on Bank Supervision and Regulation, Consumer and Community Affairs, and Derivative Instruments.
Arthur Levitt who was the longest serving Chairman of the Securities and Exchange Commission (1993 to 2001),
Co-Founder Alfred Moses who was a Special Adviser and Special Counsel to President Jimmy Carter from 1980 to 1981, where he served as lead counsel to the President in the Billygate Hearings before the Senate Judiciary Committee.
Todd Davenport who was formerly with Fannie Mae, where he was a senior writer and led the communications team in drafting financial and regulatory disclosure.
Jonathan Gould who was Counsel to the U.S. Senate Committee on Banking, Housing and Urban Affairs where he advised the Committee on banking, privacy, and credit issues.
The list goes on, but you get the picture. This firm is about access, privilege and elitism, and Hoffman is one more access point for this inside the Beltway monster.
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