Which of Obama's cabinet appointees were from Wall Street?

[think]

30. Jack Lew & Michael Froman. Holder didn't & doesn't work on Wall Street but his clients are there

So even though Holder doesn't technically work on Wall Street his firm represents them as lobbyist and legal council. They even kept his seat empty the corporate law firm Covington & Burling while he was in the Obama administration for six years.

Jack Lew

After leaving the Clinton Administration, Lew worked as the Executive Vice President for Operations at New York University from 2001 to 2006, and as the COO at Citigroup from 2006 to 2008. Lew then served as the first Deputy Secretary of State for Management and Resources, from 2009 to 2010.

https://en.m.wikipedia.org/wiki/Jack_Lew

Michael Froman

After the end of the Clinton administration in 2001, Froman followed Robert Rubin from the Treasury Department to Citigroup.[10] He was President and Chief Executive Officer of CitiInsurance and head of Emerging Markets Strategy at Citigroup, managing infrastructure and sustainable development investments.[2] He received more than $7.4 million from January 2008 to 2009 alone.[11]

https://en.m.wikipedia.org/wiki/Michael_Froman

Eric Holder, Wall Street Double Agent, Comes in From the Cold

Holder will reassume his lucrative partnership (he made $2.5 million the last year he worked there) and take his seat in an office that reportedly – this is no joke – was kept empty for him in his absence.

~Snip~

Here's a man who just spent six years handing out soft-touch settlements to practically every Too Big to Fail bank in the world. Now he returns to a firm that represents many of those same companies: Morgan Stanley, Wells Fargo, Chase, Bank of America and Citigroup, to name a few.

~Snip~

Here are five pillars of the Holder revolution:

One is that he failed to win a single conviction in court for any crimes related to the financial crisis. The only trial of any consequence brought by his Justice Department for crimes related to the crisis involved a pair of Bear Stearns nimrods named Ralph Cioffi and Matthew Tannin, who confided in each other via email that the subprime markets were "toast" but told their clients something very different to keep them invested.

After a jury acquitted both in early 2009, the Holder Justice Department turtled. Sources inside the DOJ told me over the years that both Holder and his deputy, fellow Covington & Burling alum Lanny Breuer, were obsessed with winning and refused to chance any case where they felt a jury might go sideways on them. Thus the Cioffi-Tannin case was the last financial crisis case they dared to bring into to a criminal courtroom – virtually every other case ended in settlements.

Two: Holder famously invented a concept called "collateral consequences," under which the state could pursue non-criminal alternatives for companies if they believed prosecuting them might result in too much "collateral" damage. Britain's HSBC bank, which admitted to massive money laundering violations, and the Swiss bank UBS, which was caught manipulating the Libor interest rate benchmark, were examples of firms that escaped vigorous prosecution because Holder and his lackeys were, ostensibly anyway, concerned about market-altering consequences.

Significantly, both banks were later caught up in even more serious scandals, leading to criticism that stiffer punishments the first time around might have prevented future damage. Holder's successor Loretta Lynch was even forced to rip up Holder's UBS deal for being insufficiently punitive. It's worth noting that Holder, before he became attorney general, represented UBS at Covington & Burling...


Read more: http://www.rollingstone.com/politics/news/eric-holder-wall-street-double-agent-comes-in-from-the-cold-20150708#ixzz3mwW5AEoe

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