{"id":439484,"date":"2010-03-17T15:31:21","date_gmt":"2010-03-17T19:31:21","guid":{"rendered":"http:\/\/washingtonindependent.com\/?p=79524"},"modified":"2010-03-17T15:31:21","modified_gmt":"2010-03-17T19:31:21","slug":"european-goldman-alums-infiltrate-governments-there-as-effectively-as-in-america","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/439484","title":{"rendered":"European Goldman Alums Infiltrate Governments There as Effectively as in America"},"content":{"rendered":"<p>One can hardly wander around the White House or the Treasury Department without bumping into someone who worked for Goldman Sachs. A short list:<\/p>\n<ul>\n<li>The director of the National Economic Council, Larry Summers, <a href=\"http:\/\/www.salon.com\/news\/opinion\/glenn_greenwald\/2009\/04\/04\/summers\" >paid lucrative visits to Goldman<\/a><\/li>\n<li>Treasury Secretary Tim Geithner&#8217;s chief of staff Mark Patterson <a href=\"http:\/\/www.ustreas.gov\/organization\/bios\/patterson-m.html\" >was a Goldman lobbyist<\/a><\/li>\n<li>Geithner&#8217;s mentor Robert Rubin <a href=\"http:\/\/news.bbc.co.uk\/2\/hi\/business\/342086.stm\" >was a Goldman guy<\/a> (and now serves at Citigroup)<\/li>\n<li>Commodities Futures Trading Commission chair Gary Gensler was <a href=\"http:\/\/www.cftc.gov\/aboutthecftc\/commissioners\/ggensler.html\" >co-head of finance at Goldman<\/a><\/li>\n<li>The National Economic Council&#8217;s deputy director Dianna Farrell <a href=\"http:\/\/www.whitehouse.gov\/the_press_office\/ObamaAnnouncesDeputyDirectorsfortheNationalEconomicCouncil\/\" >did time at Goldman<\/a><\/li>\n<li>Federal Reserve Bank of New York Chairman William Dudley was <a href=\"http:\/\/www.newyorkfed.org\/aboutthefed\/orgchart\/dudley.html\" >Goldman&#8217;s chief economist for a decade<\/a><\/li>\n<\/ul>\n<p><span id=\"more-79524\"><\/span>But one of the most prominent Goldman alumni in Europe today is Mario Draghi, currently the governor of Italy&#8217;s Central Bank &#8212; and perhaps a key player in Goldman&#8217;s backroom deals to hide Greece&#8217;s debt.<\/p>\n<p>Draghi is <a href=\"http:\/\/www.huffingtonpost.com\/simon-johnson\/mario-draghi-and-goldman_b_502248.html\" >poised to become the president of the European Central Bank,<\/a> the entity in charge of the Eurozone&#8217;s common monetary policy. Despite the fact that he has denied any involvement in the 2000 and 2001 currency trades that hid enough of Greece&#8217;s debt to allow it to join the Eurozone, economist <a href=\"http:\/\/www.huffingtonpost.com\/simon-johnson\/mario-draghi-and-goldman_b_502248.html\" >Simon Johnson reports<\/a> that Draghi was, in fact, at Goldman and working on Greek issues in 2002, when <a href=\"http:\/\/washingtonindependent.com\/79377\/the-case-for-u-s-criminal-charges-over-goldmans-greek-securities\" >Goldman helped sell Greek bonds without informing customers that Greece was hiding its debts<\/a>.<\/p>\n<p>Will these revelations scuttle Draghi&#8217;s chances of ascending to the chairmanship of Europe&#8217;s Central Bank? Goldman, and its derivatives, are increasingly unpopular in Europe. But Draghi should take heart: European voters don&#8217;t get to decide who heads the Central Bank &#8212; and he&#8217;ll have plenty of company atop the international banking scene. The head of Canada&#8217;s central bank, <a href=\"http:\/\/bankofcanada.ca\/en\/bios\/carney.html\" >Mark Carney, is a Goldman alum<\/a> too.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One can hardly wander around the White House or the Treasury Department without bumping into someone who worked for Goldman Sachs. A short list: The director of the National Economic Council, Larry Summers, paid lucrative visits to Goldman Treasury Secretary Tim Geithner&#8217;s chief of staff Mark Patterson was a Goldman lobbyist Geithner&#8217;s mentor Robert Rubin [&hellip;]<\/p>\n","protected":false},"author":5454,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-439484","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/439484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/5454"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=439484"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/439484\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=439484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=439484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=439484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}