Geithner came from Goldman Sachs didn’t he?
No, he was the NY Fed Bank Governor.
They own Washington:
http://www.foxnews.com/story/0,2933,197554,00.html
“WASHINGTON — Wall Street powerhouse Goldman Sachs has a long list of alumni who have gone onto government service, and it looks like it’s about to give up one more of its protégés with the nomination of Chairman and CEO Henry M. Paulson Jr. to head the Treasury Department.
The move won’t be uncommon for Goldman Sachs employees. At least among its financial competitors, Goldman Sachs appears to be head and shoulders above the rest when it comes to putting former employees into the halls of government. For years, résumés around Washington have sported the company name, and those with the job experience have gone on to positions as Cabinet officials, agency analysts, advisory board members and even U.S. lawmakers.
“I don’t know of any other company in the United States who has quite this tradition. Certainly not on Wall Street,” said Stephen Hess, a senior fellow at the Brookings Institution, a liberal-leaning Washington, D.C., think tank.”
http://www.nytimes.com/2008/10/19/business/19gold.html?pagewanted=all
The Guys From ‘Government Sachs’
“In September, after the government bailed out the American International Group, the faltering insurance giant, for $85 billion, Mr. Paulson helped select a director from Goldman’s own board to lead A.I.G.
And earlier this month, when Mr. Paulson needed someone to oversee the government’s proposed $700 billion bailout fund, he again recruited someone with a Goldman pedigree, giving the post to a 35-year-old former investment banker who, before coming to the Treasury Department, had little background in housing finance.
Indeed, Goldman’s presence in the department and around the federal response to the financial crisis is so ubiquitous that other bankers and competitors have given the star-studded firm a new nickname: Government Sachs. “