Small things are often overlooked when friendship is involved. Just ask the all Rat city counsel in our community who were all voted out because they trust an individual or embezzled hundred of thousands.
“HMMMMmmm Steel was in Chicago and London”
He had London connections with GS (lived there) and then did that short stint at Barclays.
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Barclays Bank, 2005–06
From June 1, 2005 to October 11, 2006, Steel served on the board of directors of Barclays Plc.[4]
In 2005 he helped settle a conflict between Barclays’ commercial and investment divisions over who would serve a newly purchased South African bank.
Treasury Secretary Henry Paulson later said of Steel: “He’s very good at smoothing over conflicts; and when there’s tensions, bringing the temperature down.”[5] Wikipedia
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This position seems a little odd to me. Given the timing in the chronology, I am suspicious there was more to it.