Goldman "Educating" Obama Administration

10-22-2009 • Economic Policy Journal

In a copy of the notes Barclay is putting out on the meeting, and obtained by EconomicPolicyJournal.com, Goldman told Barclay that it is educating the regulators.

Barclay advised that senior Goldman management are spending an, "exorbitant amount of time thinking about potential regulatory and policy outcomes and educating regulators and policymakers on the intricacies of financial markets."

The only picture I can conjure up is Blankfein and company educating,

Gene Sperling ("Counselor" to Geithner) who last year took in $887,727 from Goldman

Lee Sachs (Geithner's "right hand man") who reported more than $3 million in salary and partnership income from the hedge fund Mariner Investment Group (started by Brace Young, former Goldman partner)

and

Gary Gensler (Head of CFTC) former Goldman partner.

I'm sure the "educating" his going quite well.