Wall St. mogul picked for State Department post
President Obama's nominee for deputy secretary of state has earned more than $8 million in salary and bonuses since January 2009 as an executive at a Wall Street bank that received a federal bailout.
Thomas R. Nides, a six-figure fundraiser for Hillary Rodham Clinton during her 2008 presidential run, disclosed his compensation from Morgan Stanley in a recent filing with the U.S. Office of Government Ethics.
Mr. Nides, the company's chief operating officer, also said he remains eligible for additional bonus money at Morgan Stanley, which repaid its share of the federal bailout last year.
As deputy secretary of state for management and resources, Mr. Nides would replace Jacob Lew, who is awaiting confirmation as Mr. Obama's federal budget chief and whose own nearly $1 million bonus at bailed-out banking giant Citigroup last year came under scrutiny.
Link:
http://www.washingtontimes.com/news/2010/oct/20/wall-street-mogul-picked-for-state-department-post/
Why is Obama putting a Fannie Mae/Goldman Sachs lobbyist/consultant as NSA?
Obama last week tapped Tom Donilon as National Security Advisor. What’s Donilon’s resume? I summarized it when folks floated his name as potential White House chief of staff:
He was a top lobbyist at Fannie Mae during the housing bubble, when Fannie fought — with Democratic help — to avoid any restrictions or curbs on its work to inflate home values and get more people under mortgage. Before that, Donilon was a lobbyist at O’Melveny and Myers, where Fannie was a client.
In 2008, according to his financial disclosure forms, Donilon was a paid consultant for Citigroup, Goldman Sachs, and Apollo Investments.
Read more at the Washington Examiner: http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/why-is-obama-putting-a-fannie-maegoldman-sachs-lobbyistconsultant-as-nsa-105059764.html#ixzz132PJkyn3
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