In another slide from what Matt Taibbi calls "protocapitalist buddhism: the endless life-cycle," Goldman Sachs announced this week that ex-SEC chairman, Arthur Levitt was being hired as advisor on public policy issues, whatever that is; according to a press release by Goldman Sachs, it has something to do with “strategic advice to the firm on a range of matters.” OK. He is also a senior adviser to the Carlyle Group; enough said.
If there is no conflict of interest in this cluster-fuck that we call the financial services industry, then I don't know what planet I'm on anymore. It' getting very hard to keep track of the reshuffling going on in the ashes of the crash, but this should be illegal. These guys just keep turning up like some sorta bad pennies.
I couldn't say it better than Matt, but, honestly, it is completely, utterly,unbelievable that Goldman Sachs is hiring the very guy who oversaw the Financial Services Modernization Act and the Commodity Futures Modernization Act. Since he is responsible for teaching me the gory details of this via his must-read, Rolling Stone article, which I had to go-over, like, 3 times before I found myself mindlessly spewing the information to my son in the car, I'll have to refer you over to him for the ramifications of our leadership and our society not looking hard at where these guys are landing...of course, it could be that this suits the leadership just fine. As the man said then, "we're officially, royally fucked," ....Still.
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