Friday, May 7, 2010

Goodbye Goldman Sachs, Hello JPMorgan Chase

Boy does Goldman's CEO Lloyd Blankfein wish he hopped a train to Washington D.C. last December when President Obama called a sit down.  He instead called in because he couldn't fly in the fog. Many consider that a major diss of President Obama.

Since that time it has been all Jamie "Obama's Favorite Banker" Dimon and his JPMorgan Chase, when it comes to White House favoritism.

Alan Prest at PEU Report emails with the latest on the Dimon takeover of financial influence at the  White House:

I researched Obama's Deficit Commission for connections and found a number to JP Morgan.  As noted before co-chair Erskine Bowles is senior advisor with a private equity firm.  FYI: here.

Also, the chair of Virginia's government restructuring commission is a private equity man, currently with Thayer and formerly of The Carlyle Group:  Here.

The club gets to remake the board to their favor.  Sweet!

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