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To: silverleaf
However, BP deserves to be spanked by its own shareholders for hiring a shyster like Jamie Gorelick as their Counsel

I didn't see yesterday when she was announced as attending that she was a rep for BP -- if this is the case, then why was she described as "one outsider"??

18 posted on 06/17/2010 9:52:39 AM PDT by MozarkDawg
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To: MozarkDawg

Jamie Gorelick’s new challenge: Backing BP

When BP executives filed into the West Wing on Wednesday morning to meet with President Barack Obama, they were joined by at least one familiar Washington hand: former Clinton administration Deputy Attorney General Jamie Gorelick, who signed on earlier this month to represent BP in congressional inquiries linked to the massive oil disaster in the Gulf of Mexico.

As one of the top lawyers in Washington and a former Justice Department official, it is no surprise that BP tapped Gorelick and her prominent law firm, WilmerHale, to do the nearly impossible: defend it against a deluge of legislative inquiries into the oil disaster.

And her role is not very different from the one played by another prominent Democrat, former White House counsel Greg Craig, who is now representing Goldman Sachs — which until the oil spill was Washington’s favorite corporate pariah.

http://www.politico.com/news/stories/0610/38645.html#ixzz0r89Zgcf8


32 posted on 06/17/2010 9:59:29 AM PDT by kcvl
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To: MozarkDawg

Jamie Gorelick’s new challenge: Backing BP

After leaving the Justice Department, Gorelick served for six years as vice chairwoman of Fannie Mae and got caught up in the mortgage agency’s accounting controversy. In 2005, two years after Gorelick left Fannie Mae, a federal investigation into the public-private mortgage company found that accountants had falsified signatures to erase $9 billion in losses from the books. Eliminating those losses resulted in Gorelick and four other Fannie Mae executives taking away six- and seven-figure bonuses in 1998.

The federal investigation found that Gorelick was paid more than $25 million during her time at Fannie, and the huge compensation received by Fannie Mae executives later became a major issue in Congress.

http://www.politico.com/news/stories/0610/38645.html#ixzz0r89rgERb

Since leaving Fannie Mae, Gorelick has been a partner at WilmerHale and head of its Defense, National Security and Government Contracts Practice Group. Even with a Democrat in power, she has not shied away from representing clients with interests at odds with the Obama administration.

Earlier this year, student loan giant Sallie Mae made it a point to hire prominent Democrats, including Gorelick, and Democratic lobbyists from the Podesta Group to stop congressional legislation that would severely alter its role in the student loan industry. Their efforts were defeated, and the Obama administration succeeded in attaching a reform bill to the health care legislation that made the federal government the only lender to students — effectively cutting out private companies like Sallie.

Gorelick has also represented Steve Rattner, a prominent Democratic fundraiser, against accusations by the Securities and Exchange Commission that he arranged a pay-to-play deal that secured a $100 million investment from the New York public pension fund for his private investment management firm.


35 posted on 06/17/2010 10:02:28 AM PDT by kcvl
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