20 Aug '11, 10am

Goldman Sachs VP Changed His Name, Now Advances Goldman Lobbying Interests | Care2 Causes

Goldman Sachs VP Changed His Name, Now Advances Goldman Lobbying Interests | Care2 Causes

Written by Lee Fang , a ThinkProgress blogger Has Rep. Darrell Issa (R-CA) turned the House Oversight Committee into a bank lobbying firm with the power to subpoena and pressure government regulators? ThinkProgress has found that a Goldman Sachs vice president changed his name, then later went to work for Issa to coordinate his effort to thwart regulations that affect Goldman Sachs’ bottom line. In July, Issa sent a letter to top government regulators demanding that they back off and provide more justification for new margin requirements for financial firms dealing in derivatives. A standard practice on Capitol Hill is to end a letter to a government agency with contact information for the congressional staffer responsible for working on the issue for the committee. In most cases, the contact staffer is the one who actually writes such letters. With this in mind, it is imp...

Full article: http://www.care2.com/causes/goldman-sachs-vp-changed-his-...

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