Thursday, October 30, 2008

Obama Transition Team

According to the New York Observer, Barack Obama has quietly put together a transition team that is operating under John Podesta, the former White House chief of staff under Bill Clinton, to come up with personnel in areas like the economy, health, climate change, foreign policy and national security. Some reports have the team already creating "shortlists".

NYO lists the following as potential players in an Obama Administration:

Timothy Geithner, the president of the Federal Reserve Bank of New York

Former Treasury secretaries Robert Rubin and Lawrence Summers

Jamie Dimon, chairman and CEO of JPMorgan Chase & Co

Governor Jon Corzine of New Jersey, former CEO of Goldman Sachs

Michael Froman, a top executive at Citigroup, who served as Mr. Rubin's chief of staff at Treasury

Jamie Rubin, the son of the former Treasury secretary.

Josh Steiner, the founder and managing principal of New York City-based private investment firm Quadrangle Group and a onetime chief of staff at Treasury

Josh Gotbaum, the former chief executive of the September 11 Fund who has worked for the Carter and Clinton administrations and Lazard Freres

Seth Harris, a faculty member of the New York Law School and a former counselor to the secretary of Labor in the Clinton administration

Kevin Thurm, an executive at Citigroup, former Rhodes scholar and a former deputy secretary and chief operation officer of the U.S. Department of Health and Human Services.

Orin Kramer, a financier at Boston Provident, a former aide in Jimmy Carter's administration and a prodigious fund-raiser

Robert Wolf, an investment banker and CEO of UBS Americas

Mark Gallogly, a private-equity expert who used to work for Blackstone

Jim Torrey, Hedge fund manager Jim Torrey

Bran Mathis, Provident Group managing director

Frank Brosens, who runs Taconic Capital Advisors and is seen as very close to Bob Rubin

(HT2 The Business Sheet)


  1. So the “Change We Can Believe In” consists of bringing in more Wall Street bankers but this time with a “D” next to their name. Yep, I believe, that when it comes to finances, there is not much of a difference between the leadership of the Democrats and the Republicans and the only change is in who gets the appointed jobs.


  2. Looking at the list their are three obvious Goldman Sachs connections. There are probably more:

    Robert Rubiin

    his son Jamie Rubin

    Jon Corzine

    and all the Citigroup connections served under Robert Rubin

    and Timothy Geithner worked for Kissinger Associates!

    Looks like strong Lazard Feres presence also

  3. If Obama wins I would consider this to be a good buy signal for Goldman Sachs and Citigroup except that I don’t think that Rubin and company could do any better at subsidizing them then Paulson has already done, the only thing left is to put a sign in front of the Treasury,

    “US Treasury, a division of Goldman Sachs and Citigroup”