Herman Cain

[Wedgebuster]

Pappy O'Daniel: "We need a shot in the arm. You hear me boys? In the... arm! why don't we go and get some of that color here, only twice as dusky?"

[bluehenbillk]

As an American, I'm embarassed & disgusted if the best we can offer up for 2012 is Obama vs Romney

Who's with me?

[kalm]

As an American, I'm embarassed & disgusted if the best we can offer up for 2012 is Obama vs Romney

Who's with me?

They are of course not the best we can come up with but they are the best Wall Street can come up with.

[89Hen]

As an American, I'm embarassed & disgusted if the best we can offer up for 2012 is Obama vs Romney

Who's with me?

They are of course not the best we can come up with but they are the best Wall Street can come up with.

[89Hen]

Pappy O'Daniel: "We need a shot in the arm. You hear me boys? In the... arm! why don't we go and get some of that color here, only twice as dusky?"

Maybe we need to get us some of the reform Pappy.

[AZGrizFan]

Pappy O'Daniel: "We need a shot in the arm. You hear me boys? In the... arm! why don't we go and get some of that color here, only twice as dusky?"

Maybe we need to get us some of the reform Pappy.

Is you, or is you NOT, my constituency???

[89Hen]

Maybe we need to get us some of the reform Pappy.

Is you, or is you NOT, my constituency???

Thank God your momma died giving birth. If she'd seen you she'd die of shame.

[kalm]

They are of course not the best we can come up with but they are the best Wall Street can come up with.

The S.E.C.'s Revolving Door: From Wall Street Lawyers to Wall Street Watchdogs

Got a quick note from a friend today, sending some happy news from the corporate non-enforcement arena. It seems that the white-shoe corporate defense firm Wilmer Cutler Pickering Hale is expecting yet another regulatory baby!

The SEC last week announced that Anne Small will serve as the SEC’s new deputy general counsel. Small worked in Wilmer Hale’s litigation department before snagging this post. She’ll be replacing Mark Cahn, who worked at – wait for it – Wilmer Hale for 20 years, until joining the SEC last March, when he stepped in to work for a fellow named Andrew Vollmer, who had served as the SEC’s Deputy General Counsel since 2006. Cahn will now be kicked upstairs into the General Counsel spot.

But guess who his predecessor Vollmer worked for? That’s right, Wilmer Hale. So a Wilmer lawyer comes in to replace a Wilmer lawyer, who replaced a Wilmer lawyer. Hence the firm’s nickname – “SEC West.”

Besides Cahn and Small, there are other ex-Wilmerites at the Commission. There’s Joseph Brenner, the chief counsel of the Enforcement Division, and Meredith Cross, who heads the Division of Corporate Finance. Both were Wilmer partners.

Of course it’s not like the traffic doesn’t go in both directions. Last year the SEC’s head of trading and markets, Daniel Gallagher, left to become a Wilmer partner. And the SEC’s former Director of Enforcement William McLucas is now the head of Wilmer’s securities department. The firm hired the head of the SEC’s Los Angeles office, Randall Lee, in 2007. And so on and so on.

http://www.rollingstone.com/politics/bl ... s-20110330" onclick="window.open(this.href);return false;

Let me know if you also need help understanding the revolving door between the whitehouse, the Fed, and Goldman Sachs.

[89Hen]

Let me know if you also need help understanding the revolving door between the whitehouse, the Fed, and Goldman Sachs.

I guess I do. I don't see any of the POTUS candidates in the article. Appointing people to posts where they have a lot of expertise... hmmm, does seem odd.

[Grizalltheway]

Let me know if you also need help understanding the revolving door between the whitehouse, the Fed, and Goldman Sachs.

I guess I do. I don't see any of the POTUS candidates in the article. Appointing people to posts where they have a lot of expertise... hmmm, does seem odd.

Ever heard of conflict of interest?

[AZGrizFan]

I guess I do. I don't see any of the POTUS candidates in the article. Appointing people to posts where they have a lot of expertise... hmmm, does seem odd.

Ever heard of conflict of interest?

Yes. Obama's cabinet is full of it.

[89Hen]

I guess I do. I don't see any of the POTUS candidates in the article. Appointing people to posts where they have a lot of expertise... hmmm, does seem odd.

Ever heard of conflict of interest?

Sure. Would you rather they appoint people who have no knowledge of the companies they will be overseeing? Maybe you should call expandspanos to give us the real dirt on Wilmer Hale.

[kalm]

Ever heard of conflict of interest?

Sure. Would you rather they appoint people who have no knowledge of the companies they will be overseeing? Maybe you should call expandspanos to give us the real dirt on Wilmer Hale.

The financial services industry now represents almost 40% of our GDP - no wonder we need the revolving door. I'm sure they got this. Oh btw, Obama's current chief of staff, William Daly, hales from JP Morgan. You're looking kind of naive here.

[GannonFan]

Sure. Would you rather they appoint people who have no knowledge of the companies they will be overseeing? Maybe you should call expandspanos to give us the real dirt on Wilmer Hale.

The financial services industry now represents almost 40% of our GDP - no wonder we need the revolving door. I'm sure they got this. Oh btw, Obama's current chief of staff, William Daly, hales from JP Morgan. You're looking kind of naive here.

Hmm, maybe 89's right, maybe you are starting to talk to expandspanos a bit. Not everything is a conspiracy, not everything corporate is evil, and not everyone who's ever had a connection to Wall St is a bad person. If we think that way, and really mean it, then we might as well start consulting oracles and examing chicken entrails because we will have stooped to that level of rational thought.

[kalm]

The financial services industry now represents almost 40% of our GDP - no wonder we need the revolving door. I'm sure they got this. Oh btw, Obama's current chief of staff, William Daly, hales from JP Morgan. You're looking kind of naive here.

Hmm, maybe 89's right, maybe you are starting to talk to expandspanos a bit. Not everything is a conspiracy, not everything corporate is evil, and not everyone who's ever had a connection to Wall St is a bad person. If we think that way, and really mean it, then we might as well start consulting oracles and examing chicken entrails because we will have stooped to that level of rational thought.

Did I say everything is a conspiracy or that everything corporate is evil? The revolving doors between Wall Street and the government are indisputable. So is the campaign financing and favorable legislation that follows. It's simply a matter of following the money. Nothing conspiratorial in the least. Or do you honestly believe there is no connection?

[89Hen]

Sure. Would you rather they appoint people who have no knowledge of the companies they will be overseeing? Maybe you should call expandspanos to give us the real dirt on Wilmer Hale.

The financial services industry now represents almost 40% of our GDP - no wonder we need the revolving door. I'm sure they got this. Oh btw, Obama's current chief of staff, William Daly, hales from JP Morgan. You're looking kind of naive here.

So now you're backing down you claim to include people on staff at the White House.

[kalm]

The financial services industry now represents almost 40% of our GDP - no wonder we need the revolving door. I'm sure they got this. Oh btw, Obama's current chief of staff, William Daly, hales from JP Morgan. You're looking kind of naive here.

So now you're backing down you claim to include people on staff at the White House.

No.

My original claim included the White House.

To quote Dylan Ratigan, "we no longer have federal elections, we have federal auctions." The buyers don't really care which party you come from and they may even allow you to pay lip service to things like job creation and corporate greed.

[89Hen]

To quote Dylan Ratigan, "we no longer have federal elections, we have federal auctions."

So you agree with my original claim that the system is broken.

[89Hen]

So now you're backing down you claim to include people on staff at the White House.

No.

My original claim included the White House.

BTW, the bolded above was the emphasis of my point.

[kalm]

No.

My original claim included the White House.

BTW, the bolded above was the emphasis of my point.

I could be wrong, but I think it was you who took exception with my statement regarding Wall Street being fine with either Romney or Obama. I seem to remember also backing that up with Wall Street connections to the WH and the Fed. If you could go back and check on it for us, that would be great. And I'm glad you're seeing the light here.

[89Hen]

I could be wrong, but I think it was you who took exception with my statement regarding Wall Street being fine with either Romney or Obama.

Yes, you are wrong. Your claim was that Wall Street came up with them, not that they would be OK with them.

[kalm]

I could be wrong, but I think it was you who took exception with my statement regarding Wall Street being fine with either Romney or Obama.

Yes, you are wrong. Your claim was that Wall Street came up with them, not that they would be OK with them.

Yeah, the people nominate and elect candidates.

[89Hen]

Yes, you are wrong. Your claim was that Wall Street came up with them, not that they would be OK with them.

Yeah, the people nominate and elect candidates.

Just to be clear then. You are saying that Obama and Romney are wall street schills. Correct?

[kalm]

Yeah, the people nominate and elect candidates.

Just to be clear then. You are saying that Obama and Romney are wall street schills. Correct?

By the time they set foot in the oval office, yes. Every president must be at this point. Obama has earned his stripes, Romney had them going in.

[89Hen]

Just to be clear then. You are saying that Obama and Romney are wall street schills. Correct?

By the time they set foot in the oval office, yes. Every president must be at this point. Obama has earned his stripes, Romney had them going in.

You certainly are a moving target on this thread.