Thursday, October 22, 2009

Goldman "Educating" Obama Administration

Barclays Capital hosted a private meeting yesterday with Goldman Sachs president Gary Cohn, CFO David Viniar and Global Sales and Treading co-heads David Heller and Harvey Schwartz.

How concerned are they about any new regulations on the financial industry? Not much.

In a copy of the notes Barclay is putting out on the meeting, and obtained by, Goldman told Barclay that it is educating the regulators.

Barclay advised that senior Goldman management are spending an, "exorbitant amount of time thinking about potential regulatory and policy outcomes and educating regulators and policymakers on the intricacies of financial markets."

The only picture I can conjure up is Blankfein and company educating,

Gene Sperling ("Counselor" to Geithner) who last year took in $887,727 from Goldman

Lee Sachs (Geithner's "right hand man") who reported more than $3 million in salary and partnership income from the hedge fund Mariner Investment Group (started by Brace Young, former Goldman partner)


Gary Gensler (Head of CFTC) former Goldman partner.

I'm sure the "educating" his going quite well.

1 comment:

  1. Don't forget Adam Storch, Goldman's compliance boy, soon to be with the SEC.