Remember When Obama said he was not going to hire lobbyist in his administration ? Right ... And then he did anyway ? Right ..
Well now those who used their positions to regulate the financial industry are going to jump ship and cash in on their "experience"
Sounds to me like a bit of conflict of interest, no ? These people set the rules are now going to go to those companies which they just regulated .... Nice work if you can get it.
The president's recently departed budget director is joining Citigroup.
The New York Federal Reserve Bank's derivatives expert is joining Goldman Sachs.
And numerous investigators from the Justice Department and the Securities and Exchange Commission are joining Wall Street's top law firms.
Read more at www.washingtonpost.com
In recent months, prominent officials from the White House, Justice Department, SEC, banking regulators and other agencies, both federal and state, have been walking through the proverbial revolving door to join Goldman, Citi, other financial companies and top law firms in Washington and New York.