Obama White House cronies made millions off ties to bailout banks-Politico
"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.
- And White House Counsel Greg Craig earned $1.7 million in private practice representing an exiled Bolivian president, a Panamanian lawmaker wanted by the U.S. government for allegedly murdering a U.S. soldier and a tech billionaire accused of securities fraud and various sensational drug and sex crimes.
- Presidential appointees are required to disclose information about their income, assets and investments, and those of their spouses and dependent children, within 60 days of starting work. And the disclosure forms filed by many appointees to top agency jobs have been available for public inspection for some time, thanks to the federal Freedom of Information Act.
- Craig disclosed that his work for Williams & Connelly included representing Pedro Miguel Gonzalez Pinzon, a Panamanian lawmaker who allegedly murdered a U.S. soldier in 1992, as well as Gonzalo Sanchez de Lozada, a former Bolivian president who has lived in exile since 2003, when clashes between protesters and the Bolivian military killed an estimated 70 people and wounded hundreds more.
Craig also listed among his clients Henry Nicholas, founder of microchip maker Broadcom, who is facing securities fraud charges in an alleged stock option backdating plot. In June, the government unsealed an indictment
- also detailing a raft of drug and prostitution charges, which Craig called “a kitchen-sink attack on Dr. Nicholas.”
- She also indicated that she served as vice-chairwoman of the committee seeking to lure the 2016 Olympics to Chicago, which paid a public relations firm owned by Obama political guru David Axelrod and to which White House social director Desiree Rogers, another member of the Obama’s inner circle, donated more than $100,000.
- (Those who would've thought this criminal in the Bush administration will fluff it off as nothing with Obama. Not that Bush people weren't crooks, but the point is both sides are loaded with the scum of humanity and you're a hypocrite if you think Obama is different). sm
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