Sunday, July 10, 2011

The Serious JPMorganChase Influence at the White House

PEU Report emails:
I noticed President Obama promoted Health Czar Nancy-Ann DeParle to Deputy Chief of Staff.  She worked for JP Morgan's private equity unit.  That means two of the top three people supporting the President are ex-JP Morgan.
The other is, Chief of Staff Bill Daley, who was an investment banker at JPM.

PEU continues:
William Daley filed to sell over $8.2 million in JP Morgan stock earlier this year...
If he filed this to sell in conjunction with his joining the White House, it is likely a tax free sale for him.

Most interesting, although 2009 disclosures show that DeParle made millions from serving on for-profit health care boards, the White House has not released her financial statements for 2010 to the PEU Report, even though PEU has requested them. What more could they possibly be hiding?

3 comments:

  1. Talk about legalized theft. The revolving door is legalized theft. Start out in government, move to the "private" sector as a lobbyist, make a mint, move back to government in some position that requires you to divest your stock tax free as an "anti-conflict-of-interest" measure. Rinse and repeat as needed. Nice deal.

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  2. Nancy-Ann DeParle's financial disclosure forms reveal several interesting items. Of course, they have a PEU odor:

    http://peureport.blogspot.com/2011/08/nancy-ann-deparle-rick-scotts-financial.html

    ReplyDelete
  3. Nancy-Ann DeParle's financial disclosure forms reveal several interesting items. Of course, they have a PEU odor:

    http://peureport.blogspot.com/2011/08/nancy-ann-deparle-rick-scotts-financial.html

    ReplyDelete