Saturday, April 4, 2009

W.H. team discloses TARP firm ties - Kenneth P. Vogel -

I'm shocked!  Shocked I tell you!!  Those in Big "O's" administration personally made MILLIONS off groups receiving TARP funds!!  Why.... why.....  geezzz, how just, just shocking that is!!

W.H. team discloses TARP firm ties

By KENNETH P. VOGEL | 4/3/09 10:49 PM EDT 

Lawrence Summers, a top economic adviser to President Barack Obama, pulled in more than $2.7 million in speaking fees paid by firms at the heart of the financial crisis, including Citigroup, Goldman Sachs, JPMorgan, Merrill Lynch, Bank of America Corp. and the now-defunct Lehman Brothers.

He pulled in another $5.2 million from D.E. Shaw, a hedge fund for which he served as managing director from October 2006 until joining the administration.
Thomas E. Donilon, Obama’s deputy national security adviser, was paid $3.9 million by the power law firm O’Melveny & Myers to represent clients including two firms that receieved federal bailout funds: Citigroup and Goldman Sachs. He also disclosed that he’s a member of the Trilateral Commission and sits on the steering committee of the supersecret Bilderberg group. Both groups are favorite targets of conspiracy theorists.

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