Goldman gets ex-White House counsel
Goldman Sachs is launching an aggressive response to its political and legal challenges with an unlikely ally at its side — President Barack Obama’s former White House counsel, Gregory Craig.
The beleaguered Wall Street bank hired Craig — now in private practice at Skadden, Arps, Slate, Meagher & Flom — in recent weeks to help in navigate the halls of power in Washington, a source familiar with the firm told POLITICO.
“He is clearly an attorney of eminence and has a deep understanding of the legal process and the world of Washington,” the source said. “And those are important worlds for everybody in finance right now.”
They’re particularly important for Goldman.
Talk about a revolving door between Wall Street and Washington. If this weren’t true, it would be a joke. Has anyone picked up on this story? I’m speechless (hat tip Marshall).
Source
Goldman Sachs taps ex-White House counsel – Politico
Looks like Mr. Craig has a score to settle with ORahmaRod.
Good observation, earnyermoney, but as we learned in “The Godfather”, there’s always a price to be paid, or a favour to be claimed, when you do a deal with the Mafia, especially if they’re successful in engineering a political hit on your behalf against Obama.