All the President`s Goldman Sachs Men

While President Obama assails the
culture of greed and recklessness practiced by the men
of Goldman Sachs, his administration is infested with
them. The White House can no more disown

Government Sachs
than Da Boss-in-chief can disown
Chicago politics.

Obama is headed to Wall Street on
Thursday to demand
"financial regulatory reform"—just
as the U.S. Securities and Exchange Commission has filed

civil suit against Goldman Sachs
mortgage-related fraud.

Question the timing? Darn tootin`.
There are no coincidences in the perpetually
orchestrated Age of O. Everyone from

former New York Attorney General Eliot
Spitzer to analysts at the Brookings Institution and
Barclays Capital to the GOP leadership and

Rush Limbaugh
has noted the reeking political
opportunism in the air.

As the
New York Post

Tuesday, the Democratic National Committee
immediately bought sponsored Internet ads on Google that
direct web surfers who type in
"Goldman Sachs SEC" to Obama`s fundraising site.
"It`s time to
hold the big banks accountable,"

money-grubbing DNC message bellows
. But just like
his crony capitalist predecessor George W. Bush, Obama
has relied on Goldman Sachs and Wall Street power
brokers to

engineer massive government interventions
failing businesses with the tax dollars of ordinary

While irony-challenged Democratic
candidates like mob-linked banker Alexi Giannoulias in
Illinois (who hopes to fill Obama`s old Senate seat)
call on Republicans to return their fat-cat Goldman
Sachs donations, the Democrats are silent on the
$994,795 in Goldman Sachs campaign cash that Obama
bagged. The class-warfare Dems are also mum on all the
president`s Goldman Sachs men sitting in the catbird`s

  • Goldman Sachs partner
    Gary Gensler is Obama`s Commodity Futures Trading
    Commission head. He was confirmed despite heated
    congressional grilling over his role, as Reuters

    "as a high-level Treasury official in a 2000 law that
    exempted the $58 trillion credit default swap market
    from oversight. The


    have been blamed for amplifying global financial
    Gensler said he was sorry—hey, it worked

    tax cheat Treasury Secretary Tim Geithner
    —and was
    quickly installed to guard the henhouse.

  • Goldman Sachs kept White
    House Chief of Staff Rahm Emanuel on a $3,000 monthly
    retainer while he worked as Clinton`s chief fundraiser,
    as first reported by

    columnist Tim Carney
    . The financial
    titans threw in another $50,000 to become the Clinton
    primary campaign`s top funder. Emanuel received nearly
    $80,000 in cash from Goldman Sachs during his four terms
    in Congress—investments that have reaped untold rewards,
    as Emanuel assumed a leading role championing the
    trillion-dollar TARP banking bailout law.

  • Former Goldman Sachs
    lobbyist Mark Patterson serves under Geithner as his top
    deputy and overseer of TARP bailout—$10 billion of which
    went to Goldman Sachs. Left-leaning government watchdog
    Melanie Sloan of the Citizens for Responsibility and
    Ethics in Washington

    "It makes it appear that they are saying one thing and
    doing another."
    Paul Blumenthal of the Sunlight
    Foundation noted that, while at Goldman Sachs, Patterson
    lobbied against executive pay limits that Obama had
    crusaded for as senator (before, that is, his
    administration carved out exemptions for AIG). While
    Patterson agreed to recuse himself on any Goldman
    Sachs-related issues or related policy concerns,

    , it
    "still creates a serious conflict for Geithner, as
    Treasury is being partly managed by a former Goldman
    lobbyist. Geithner is also placed in a tough position
    considering that his chief of staff is limited in the
    areas in which he can work (supposedly)."

  • Obama`s close hometown
    crony, campaign finance chief and senior adviser Penny
    Pritzker was head of Superior Bank of Chicago, a

    subprime specialist that went bust in 2001,
    more than 1,400 people stripped of their savings after
    bank officials falsified profit reports. Pritzker`s
    lawyer at O`Melveny and Myers, Tom Donilon, is now
    Obama`s deputy national security adviser. He earned just
    shy of $4 million representing her and other
    high-profile meltdown clients including Goldman Sachs.

  • White House National
    Economic Council head
    Larry Summers
    reaped nearly $2.8 million in speaking
    fees from many of the major financial institutions and
    government bailout recipients he now polices, including
    JP Morgan Chase, Citigroup, Lehman Brothers and Goldman
    Sachs. A single speech to Goldman Sachs in April 2008
    brought in $135,000. Summers has prior experience
    negotiating government-sponsored bailouts that benefit
    private concerns. In
    he spearheaded a $40 billion Mexican peso bailout that
    bypassed Congress. Summers personally leaned on the
    International Monetary Fund to provide nearly $18
    billion for the package. Summers` boss, then Secretary
    of the Treasury Robert Rubin, was former co-chairman of
    Wall Street giant Goldman Sachs—the Mexican government`s
    investment banking firm of choice.

Rubin continues to mentor another
former employee of his with regular visits and
chats—Treasury Secretary Geithner, who as head of the
New York Federal Reserve pushed bailed-out insurance
conglomerate AIG to cover up sweetheart deals for
investment banks that benefited, you guessed it, Goldman

As Obama harangues Wall Street to
clean up its house, all the president`s Goldman Sachs
men have their feet on the coffee table at his.



Michelle Malkin

is the author of

Invasion: How America Still Welcomes Terrorists,
Criminals, and Other Foreign Menaces to Our


for Peter Brimelow`s review. Click


for Michelle Malkin`s website. Michelle Malkin
is also author of

Unhinged: Exposing Liberals Gone Wild

and the just-released
Culture of Corruption: Obama and his Team of Tax Cheats, Crooks & Cronies.