The Revolving Door Between Wall Street and Upper Echelon Government

Bloomberg recaps, the goings on:

Former U.S. Senator Tom Daschle's...$1 million-a-year consulting contract with the New York-based firm [InterMedia Advisors LLC.]highlights how buyout firms often turn to former politicians to court investors and make deals. Former President George H.W. Bush, ex-Treasury Secretary John Snow and former Senate Majority Leader William Frist have all worked for private-equity funds...

Washington-based Carlyle Group helped pioneer the use of former government officials as fund raisers and dealmakers. Former President Bush and ex-U.K. Prime Minister John Major have advised the firm, and its ranks currently include former U.S. Treasury Undersecretary Randal Quarles.

Cerberus Capital Management LP, the New York-based firm that owns Chrysler LLC, counts John Snow as its chairman and former Vice President Dan Quayle as chairman of its international unit.

Not to be forgotten is that French president Nicholas Sarkozy's half brother, Olivier Sarkozy, works alongside Quarles at Carlyle Group as head of Carlyle's Global Financial Services group.