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Geithner Aides Made Millions on Wall St.
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10-15-2009 8:29 PM
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/f7098bdb-4f17-40b9-b361-ab105a9935a0/B185D863-BBA3-4DB3-9918-7867419E9BA4/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://blog.puppetgov.com/2009/10/14/geithner-aides-made-millions-on-wall-st/" href="http://blog.puppetgov.com/2009/10/14/geithner-aides-made-millions-on-wall-st/" style="font-size: 11px;">blog.puppetgov.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.puppetgov.com/2009/10/14/geithner-aides-made-millions-on-wall-st/"><P>Some of Treasury Secretary <A href="http://search.bloomberg.com/search?q=Timothy%0AGeithner?s&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1">Timothy Geithner’s</A> closest aides, none of whom faced Senate confirmation, earned millions of dollars a year working for Goldman Sachs Group Inc., Citigroup Inc. and other Wall Street firms, according to financial disclosure forms.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.puppetgov.com/2009/10/14/geithner-aides-made-millions-on-wall-st/">The advisers include <A href="http://search.bloomberg.com/search?q=Gene+Sperling&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1">Gene Sperling</A>, who last year took in $887,727 from Goldman Sachs and $158,000 for speeches mostly to financial companies, including the firm run by accused Ponzi scheme mastermind R. <A href="http://search.bloomberg.com/search?q=Allen+Stanford&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1">Allen Stanford</A>. Another top aide, <A href="http://search.bloomberg.com/search?q=Lee%0ASachs&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1">Lee Sachs</A>, reported more than $3 million in salary and partnership income from Mariner Investment Group, a New York hedge fund.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.puppetgov.com/2009/10/14/geithner-aides-made-millions-on-wall-st/"> Yet they haven’t faced the public scrutiny given to Senate-confirmed appointees, nor are they compelled to testify in Congress to defend or explain the Treasury’s policies.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.puppetgov.com/2009/10/14/geithner-aides-made-millions-on-wall-st/">The Wall Street ties are troubling to some advocates for investors.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.puppetgov.com/2009/10/14/geithner-aides-made-millions-on-wall-st/">“You just wonder, who is representing middle Americans?”</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.puppetgov.com/2009/10/14/geithner-aides-made-millions-on-wall-st/"><P><STRONG>By Robert Schmidt~<A href="http://www.bloomberg.com/apps/news?pid=20601087&sid=abo3Zo0ifzJg">Bloomberg</A></STRONG></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blog.puppetgov.com/2009/10/14/geithner-aides-made-millions-on-wall-st/"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/blog.puppetgov.com/img/DAE823FE-BC95-484F-92A1-6DCE4A7D4F89" alt="House Ways and Means Committee member Rep. Bob Etheridge, D-N.C., left, greets Treasury Secretary Timothy Geithner, left, on Capitol Hill in Washington, Tuesday, March 3, 2009, prior to Geithner testifying before the committee. Committee Chairman Rep. Charles Rangel, D-N.Y. is second from left, and the committee's ranking Republican Rep. Dave Camp, R-Mich., is third from left. (AP Photo/Susan Walsh)" /></div></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/B185D863-BBA3-4DB3-9918-7867419E9BA4/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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