I wrote this to keep track of the principle players in Obama's financial plans, published it in a newsletter. I was concerned that Obama brought in the Rubin team for his financial advisors. I put Google Alerts on each person:
Obama's Financial Advisors
March 31, 2009
Chairman of the Board of Governors of the Federal Reserve System, central bank of USA.
Chairman of the Council on Foreign Relations,
In 2008, he was ranked 149th on the "Forbes 400 Richest Americans" with a net worth of $2.8 Billion.
In 2008, he established The Peter G. Peterson Foundation
Time magazine named Paulson as a runner-up for its Person of the Year 2008, saying, with reference to the Global Financial Crisis of 2008: "if there is a face to this financial debacle, it is now his".
Franklin Delano Raines:
former Fannie Mae CEO, received $50 Million bonus, White House budget director under President Bill Clinton
His role leading Fannie Mae has come under scrutiny.
former Fannie Mae CEO, received $35 Million bonus
managing director with Lehman Brothers,
An Office of Federal Housing Enterprise Oversight (OFHEO) report 2004 found that, during Johnson's tenure as CEO, Fannie Mae had improperly deferred $200 million in expenses. This enabled top executives, including Johnson and his successor, Franklin Raines, to receive substantial bonuses in 1998.
A 2006 OFHEO report found that Fannie Mae had substantially under-reported Johnson's compensation. Originally reported as $6-7 million, Johnson actually received approximately $21 million.
Vice chairman of the private banking firm Perseus LLC,
board member at Goldman Sachs,
KB Home, a home construction firm,
member of the American Academy of Arts and Sciences,
Johnson a source of controversy when it was reported that he had received loans directly from Angelo Mozilo, the CEO of Countrywide Financial, a company implicated in the U.S. subprime mortgage crisis. Although he was not accused of any wrongdoing and was initially defended by Obama on the grounds that he was simply an unpaid volunteer, Johnson announced he would step down from the vice-presidential vetting position on June 11, 2008, in order to avoid being a distraction to Obama's campaign.
served on the board of directors of the federal mortgage firm Freddie Mac at a time when scandal was brewing at the troubled agency and the board failed to spot "red flags," entire board was later accused by the Office of Federal Housing Enterprise Oversight (OFHEO) of having "failed in its duty to follow up on matters brought to its attention."
chairman of the Democratic Caucus
member of the New Democrat Coalition.
noted for his combative style and his political fundraising abilities
he articulated his view on the role of government as a positive force to face difficult challenges and solve national problems, notably combating global warming through green energy policies and completely restructuring the healthcare system.
Citigroup executive at the center of the current meltdown.
"Obama chose Rubin sycophants for his team"
Chris Dodd: #1 recipient of Fannie Mae contributions
Larry Summers who pushed the repeal of the Glass-Steagal Act,
Tim Geithner who masterminded the bank bailout,
Robert Rubin, a disgraced Citigroup executive at the center of the current meltdown.
Alan Greenspan, Chairman of the Federal Reserve of the United States from 1987 to 2006.
Looks a bit out of balance to me, Joan M. Denoo, March 31, 2009