Goldman Sachs Hires Barney Frank Staffer To Be Its Lobbyist

[Freddie Stubbs]

Source: The Business Insider

The revolving door between Wall Street and Washington continues to, well, revolve.

In a move that will no doubt delight the Goldman Sachs (GS) conspiracy crowd, the firm has hired a staffer from Barney Frank's office to be their top lobbyist in DC.

Tim Carney: Michael Paese, a registered lobbyist for the Securities Industries and Financial Markets Association since he left Frank's committee in September, will join Goldman as director of government affairs, a role held last year by former Tom Daschle intimate, Mark Patterson, now the chief of staff at the Treasury Department. This is not Paese's first swing through the Wall Street-Congress revolving door: he previously worked at JP Morgan and Mercantile Bankshares, and in between served as senior minority counsel at the Financial Services Committee.

Read more: http://www.businessinsider.com/goldman-sachs-hires-barney-frank-staffer-to-be-its-lobbyist-2009-4

[MADem]

1. It absolutely is a revolving door. It's why those Hill staffers put up with all that shit

on the job--for that great payday. I know a fair number of former Hill staffers, and with the exception of one woman who left, got married, and decided to have kids and do that route, every other one I know is working for some sort of lobbying firm now--aviation lobbying, medicaal lobbying, defense systems lobbying....

[pjt7]

2. F Goldman Sachs

.

[WhiteTara]

3. Calling Obama!

Keep your promise...NO REVOLVING DOOR!

[Freddie Stubbs]

4. That promise only related to the executive branch, not the legislative

[WhiteTara]

5. oh right

[bvar22]

6. That doesn't prevent Obama from using the Bully Pulpit.....

...to pressure Congressional Democrats to higher standards.

[SOS]

7. Living in a corrupt oligarchy is getting on my nerves.

nt

[JonLP24]

8. O'reilly is going to be all over this tonight

Though this doesn't have anything to do with Frank other then the fact he used to work for him.