This page has been archived and commenting is disabled.
Judd Gregg Redefines "Revolving Door" - From US Senator, To Goldman Sachs Advisor, To Head Of SIFMA
Behold the definition of a "revolving door" - Judd Gregg: from US Senator, to Goldman Sachs advisor, to SIFMA head, all in under two years.
The SIFMA press release proudly announcing its new head. Oddly, zero mentions of "Goldman Sachs":
The Securities Industry and Financial Markets Association (SIFMA) today announced the appointment of former three-term U.S. Senator Judd A. Gregg as Chief Executive Officer of the Association and the appointment of former U.S. Representative and SIFMA Acting President & CEO Kenneth E. Bentsen, Jr. as President of the Association.
“Judd’s experience as both a governor and legislator will be of tremendous value to SIFMA in bridging the gap between the complexities of the financial markets and the positive impact our markets have on every community across America,” said Chet Helck, SIFMA Chair and CEO Global Private Client Group at Raymond James Financial. “Judd and Ken, who has proven himself as an outstanding member of SIFMA’s senior management, are the right team to lead SIFMA in our important mission of ensuring trust in our financial markets, fostering an understanding of the important role efficient capital markets play in the life of every American working and living across the country and demonstrating the positive impact the financial services industry has on economic growth and job creation.”
“Judd is a national leader and a respected voice on financial regulatory and economic issues,” said Jim Rosenthal, Chair-Elect of SIFMA and Chief Operating Officer at Morgan Stanley. “As SIFMA focuses on increasing trust and confidence in the financial markets and allowing that confidence to grow and create jobs, I can’t envision a better team than Judd and Ken to lead us. I feel more confident in the Association’s ability to communicate effectively at every level – to the government, to regulators, internationally and, most important, to the people who look to financial services to help them achieve their goals.”
Senator Gregg was the ranking Republican member on the Appropriations; Banking, Housing and Urban Affairs; and Health, Education, Labor and Pensions Committees. Prior to joining the U.S. Senate, he served two terms as governor of New Hampshire and four terms as a member of the U.S. House of Representatives. Senator Gregg currently serves as a Co-Chair of the bi-partisan Campaign to Fix the Debt and served on the National Commission on Fiscal Responsibility. Senator Gregg holds a Juris Doctor and Master of Laws from Boston University and a Bachelor of Arts in English from Columbia University.
“It is an honor to join SIFMA as CEO. America’s success and prosperity depends on a vibrant financial system providing access to capital and credit that helps people on Main Streets across America build on their dreams of opening a small business, saving to be able to send their children to college, buying their first home or saving for retirement,” Gregg said. “At the center of this financial system is the membership of SIFMA. Our members provide the resources and expertise that make the economic engine of America work and create a more prosperous life for Americans. We are facing a great many challenges and I look forward to working with legislators and regulators together as we improve our economy and the lives of our citizens.”
Mr. Bentsen has served as Executive Vice President of Public Policy and Advocacy since 2009 overseeing SIFMA’s legal, legislative and regulatory affairs and served as a leading industry voice. Prior to joining SIFMA, Mr. Bentsen was president of the Equipment Leasing and Finance Association (ELFA). From 1995 to 2003, Mr. Bentsen served as a Member of the U.S. House of Representatives from Texas, where he sat on the House Financial Services Committee (and its predecessor House Banking and Financial Services Committee), and separately on the House Budget Committee. Prior to his service in Congress, Mr. Bentsen was an investment banker at a major Wall Street firm and a large regional firm, where he specialized in municipal and mortgage finance. Mr. Bentsen has a B.A. from the University of St. Thomas and an M.P.A. from American University.
“SIFMA is the leading trade association for the capital markets business with an outstanding member base and dedicated employee team,” Bentsen said. “Judd Gregg will bring a strong voice and leadership to underscoring the role of finance in fostering capital formation, wealth creation and jobs and economic development in the United States. I look forward to working with Judd and our members as we promote effective and efficient markets, at home and abroad, to finance a growing American economy.”
»
- 15376 reads
- Printer-friendly version
- Send to friend
- advertisements -
we are worse than a Banana Republic.
Which would be great....if we could actually grow bananas here.
Don't SIF me. SIF you.
I listened to this scumbag shill say inadvertantly that HE was a FOCHIN SHAREHOLDER in JPM when questioned about Dimon's position......we have to be the most owned populace in the world
that's the price of wide spread apathy.
no nation gets the government they want, but every nation gets the government they deserve.
Got bananas growing in back yard. I'm already with the program! lol.
You want a banana..., I got your your banana alright...
I got your banana RIGHT HERE.
;-)
“Judd’s experience as both a governor and legislator will be of tremendous value to SIFMA in locating those bank lobbyists who can deliver the exact right amount of cash to the appropriate legislator(s) who can most effectively prevent any pesky regulation of the banks."
Too big to jail is really too connected to jail
One of many GOP Stalwart - Bankster lovers. In fact, pretty much the whole House and Senate.
Imagine if Wall St stooge-in-chief Romney was elected!
you, feel good with our current obuma group at the treasury and doj, sec..I think maybe you love the black dick
Hey Geitner and Lew are pieces of shit as well...all bought off! You have to stop letting you sexual cravings slip into your posts.
promoted from lap dog to political retreiver. Good dog Judd Good Dog.!
You have gone to the heart of the matter. The ring fencing protection racket has been set up to protect the guilty and to steal from the pilitically un-connected.
when the news media is co-opted and population is so oblivious, what do you expect?
scumbag
Naaw....he's just lucky..
"Gregg won more than $850,000 in 2005 after buying $20 worth of Powerball tickets at a Washington, D.C. convenience store."
I thought that was a joke until I looked it up and found it in Wikipedia's entry on this scumbag.
Confirmed - There is no god. At least not one that takes any part in meting out justice. Oh, in The Afterlife (tm)? Right......... I forgot. Who invented that comforting concept? People in power in the other big racket, organized religion. It keeps the peasants from revolting thereby encouraging the Emperor or King to share his power with the church.
At least it will give him something to do besides jerking off to porn, with all those millions he got from his salaries and lottery win.
Surely in a nation of 330,000,000 people we can find some fresh blood to man the machinery of state.
I'm sick of seeing the same fucking faces on TV day after day, week after week, month after month, year after year, decade after decade....
Gregg is probably better than the stooges on CNN and BSNBC; be careful what you wish for, you may get someone with a room temp. IQ, an incomprehensible accent, a diversity choice who is oh so perfect in appealing to the masses or the ignorant and PC controlled system.
You might feel a little bit better if you stop watching the TV; at least you wouldn't have to see these blowhard scumbags day after day. Of course, you will still have that unsettled feeling that you and 90% of the country are getting screwed by these psychopaths on a daily basis. No cure for that, at least not any that are legal.
If only I believed in heaven and hell, or the rule of law, I would get some comfort from the fact that these criminals will some day get their due. There will definitely be no justice served in this world, at least not until things get really bad, and then it will be too late to be of any benefit. Sigh.
"SIFMA’s senior management, are the right team to lead SIFMA in our important mission of ensuring trust in our financial markets, fostering an understanding of the important role efficient capital markets play in the life of every American working and living across the country and demonstrating the positive impact the financial services industry has on economic growth and job creation."
WTF? You want to restore trust? Start by arresting some people, then drop the crony capitalism and the central planning. Then we might begin to restore some trust in the markets.
Doc: You sound like one of those deluded individuals who believes the solution to the problem lies with those who created the problem. It doesn't! The solution is LOCAL - at the town, county and state level ... not at the federal level. Same goes for Europe.
Never believed that for a minute. I'm just pointing out the stupidity of the statement.
OK ... Then don't waste time talking about "arresting some people". That could only be carried out by the [In]Justice Department at the Federal level ... which brings me back to my original point!
Spend your time, instead, re-taking control of your local sheriff's office, county seat and state capitol (and encouraging your local contacts to do the same). Bypass the feds altogether! ... and let them tear themselves apart trying to divvy up the lack of remaining funding. :)
'You want to restore trust? Start by arresting some people, then drop the crony capitalism and the central planning. '
that would be addressing side A of the trust partnership: making one party behave in a trustworthy way
but there is another apparoach. focus on side B. make the other party more trusting, irrespective of actual reality.
from the Institute in Empirical Research in Economics and the Center for Neuroeconomic Studies, we learn that "oxytocin increases trust in humans"
http://dept.wofford.edu/neuroscience/neuroseminar/pdffall2008/oxy-human.pdf
now roll up your sleeve. past the elbow. while I administer your increase in trust and confidence. this will only take a moment.
"Spend your time, instead, re-taking control of your local sheriff's office, county seat and state capitol (and encouraging your local contacts to do the same)."
With the vast majority of voters having no idea about what's actually wrong and who continue to believe the propaganda force fed to them daily by the corporate media and billion dollar "war chests" from the two party duopoly during elections? Been there, done that, forget it. The system is designed to resist change and there are huge sums of money to assure that coming from the various benefactors of the multi-trillion dollar taxpayer money gravy train.
The only thing that'll result in significant change in this country is an economic collapse far worse than 2008, something that ends the games and circuses and gets Joe and Jane Sixpack off their asses. At that point, however, being as ignorant and misinformed as they are, who knows what will happen.
"WTF? You want to restore trust? All local folks need to have a current list of the perp and start by arresting these people whereever they hide, then ignore the crony capitalism and the central planning bullshit out of Washington and do their own thing. Once the money and support stops flowing to the central planners and the guillotines have separated their heads (to be placed on pikes as a warning) only then can reasponsible communities and locals begin to recover on their own. You don't destroy a centrally-planned demon state by continuing to participate. Never argue with three-year-olds, it only validates their position in their mind.
“Judd is a national leader and a respected voice on financial regulatory and economic issues,”
Given the state of the financial system, how anyone who has been on the inside can be 'respected' is laughable.
Yes, yes, yes, another "respected" paper-pusher and useful idiot who is very "efficient". Okay fine, move him to the front of the line for the guillotine, how's that for efficientcy motherfucker? Lot's of "respected" people out there who helped to engineer the collapse, profitted from the collapse, and are running cover for TPTB, whatever;thhuuunnnkk! - "Next!"
As someone said it before, he's a scumbag wearing a suit. People like him will bring the US down.
Laughable is Bernie Sanders coming out and saying "they offered me the job first but I turned it down." these folks sound scared for some reason. God forbid if one of "them" actually did plead guilty and spilled the beans on "whatever it is." I thought the crisis was over anyways? We've got not one, not two...nay THREE I tell you THREE wonderful asset bubbles cooking. Last thing we want is an economic recovery worthy of the name "as the beholders of the financial sector"? That sounds perilously close to "we as policy makers et al really did want a Depression" actually "but were foiled by those jerks at Treasury."
Laughable is Bernie Sanders
That's a pretty good sentence all on its own.
At least he voted against TARP and Iraq - not like your douche bag Senators.
Obviously there are still people who consider GS as a private company.
Judd Gregg simply moved from one gov dept to another.
You mean a former legislator received a job in the private sector after "autonomously" deciding to vote for TARP and not to regulate the TBTF's. I'm shocked, I tell you, Shocked! /sarcasm.
Dog bless Amurika ...
Wow! What a great contribution to society.
DOCHE BAG.
<-------- Judd Gregg
<--------- Judge Dredd
Here is what is wrong with America. Why would Goldman Sachs hire this pice of shit? What did he have to offer those Jewish Criminals except access to the hired whores in DC?
We we have a new Judge Dredd villain, Judd Gregg.
The mafia at it's peak were pikers compared to the criminals who rule today's Amerikan Regime.
Nepotism and political favor are pervasive in Washington/Media/Banking complex and will always exist as long as there is a two party system. Imagine if we had a checks and balances system that contained two branches of govt. , the executive branch and the judicial branch,( both currently run by one party). There surely would be imposed deposit and 401k confiscation as well as a complete and total abolition of all gun rights and free speech. A third party would keep the other two parties (Dems and Repub) in check. IMO
I wonder which division of Goldman Sachs the "retiring" head of the IRS will be working for next month?
Another scum bag nomination by the tag team that runs this country: Rubin - Summers. Rubin struck gold when he went all in and "recruited" Obama while he was still a senator, probably in very early 2000s. The video below, from 2006, shows that they were good buddies already:
http://www.youtube.com/watch?feature=player_embedded&v=P-5Y74FrDCc
I think it is Rubin who runs the country - Summers is brainless and just takes orders from Rubin.
if you want to frontrun - watch what Judds brother Cy does... he has an uncanny ability to be ahead of the game (hint hint)
if you want to frontrun - watch what Judds brother Cy does... he has an uncanny ability to be ahead of the game (hint hint)
He along with others are bringing the US down and are turning it into a Banana Republic.
Their only interest is power and wealth.
Like locust striping vegetation.
There is a vast valley of differene between those who "hold" a position and those who are able to contribute. Obviously for Gregg, he did not have any place to go, but Goldman wanted to keep him on the leash (lease) until they could find a "useful" slot for him. Most likely I am not as smart as all of the "so called" leaders of the government and banking, and because of that my experience has been that it takes time to learn enough about a postiion and to gain the power to be effective in the position .... maybe by the third year if you are good. Until then you are filling space and increasingly pecking at the edges.
But maybe those "at the top" are never really effective and kept intentionally ineffective (Tony Hayward [BP] and Marissa Mayer [YHOO] immediately come to mind) so that they won't think critically and will just do as they are told. Moving someone around every couple of years will create a massive network ... but to what purpose if it cannot be applied ... by them?
I do not know what Gregg may or may not have contributed as a senator (he was the elected leader of a team of many people), but my understanding from people who work in Washington, is that generally we have the wrong impression of what our elected officials do. Essentially they do nothing and contribute nothing. They are "a face" that can read a script and sit in meetings which gives some comfort to people who elected them, and keeps them from uprising and beheading the so called leaders of the country. People are led to think (evidentally wrongly) that even if Obumbdumb is acting like a puppet dictator, with a golf, vacation and Reggie Love fetish at least we have hope that someday, sometime our elected representatives will wake up and do something good for the people who elected them ... but the best they ever come up with is bread and circuses designed to appease the loudest.
I had an argument/discussion with my wife over the weekend. She worked briefly in Washington for Dave Stockman during the early 80s. My two points were:
1. Even if our elected officials go into the job with the right intentions they are overwhelmed by what they find. To gain the power to effect things they must submit and do the bidding of others (essentially give up their free will ... if they had not long ago to get into position). Virtually all eventually give up on doing what is right and adopt a "I will do what I can (which is virtually nothing if it is not mainstream) and get the most for me" attitude.
2. CHS seems right in his most recent article. The people who run the country, major corporations and the financial system are parasites (the big club that George Carlin referred to) and look at the productive people of this country and the world as the "Big Counry Buffet" to be drained of all of their juices and used against others who might threaten their power. Those in power NEVER have any intention of doing what is right for the people. They ONLY and ALWAYS want to suck as much out of the people as possible without killing the host.
This alone explains everything. (be admitted into the club. [relinquishing your soul in the process] and join the game or toil for the players on one side or another)
My wife agreed with point 1. but was not willing to concede point 2. which goes contrary to her public school education. Facts are easier for the mind to dismiss than our established paradigms.
In other words, we’re a lobby organization with a mission to help the financial industry pull the wool over the eyes of every Muppet so they can’t see the shithole of corrupt, thieving, crony capitalists we have become.
It's as if the whores servicing the executive suites stopped dressing up in suits and started walking through the lobby in short skirts and fishnets.
this will be good for 2 or 3 cnbc interviews per week - he was always on in 08, always supporting more money for banks..very clear that the elites have their man where he can do the most damage control.
I saw this one coming.
Here is what I wrote to then Senator Gregg over 4 years ago.
What a shameful piece of shit.
http://www.321gold.com/editorials/guest/lepard120409.html
Another name for the sonderfahndungsliste?
Him or me?
Precisely.
Damn, man. I apologize for the down-vote, which was a slip of the cursor. Your letter made me bust out laughing. Pompous fake fucks like Gregg drove me out--way out--of the Republican party myself.
Your letter actually reminded me of a note written by James Otis, Jr. (also from Massachusetts) to a customs commissioner in 1769: "Mr. Birch, I have reason to think and take occasion to tell you that you are a poltroon and a scoundrel, J. Otis."
JUdd would not have been elected. The man was one of the key people who stopped the Bill to Audit the FED when the House had huge majority. This is good timing as may be time to focus on the these isues of TARP Paulson and Marshal Law.
I won't go into details but the collateral table on where the FED was putting 85% of the ABX (basicly non collected insurance ) that was marked to market ~ 8%. Now this printing well you decide for yourself...... The printing had moral hazzard.. Exact same hazzard as Japan's lost two decades. Despite how you feel about politics the distorted olique truth/lie has in fact concentrated wealth. Gregg is a problem with FED distortion of debt slaves. This by no means is anywhere near as big a deal as the Citi contract of Jack Lew where bonus (790k-900K) to go back to work for government. Now today's mantra of "the people spoke" has a purpose.. It is all about the money politicians are irrelevant. Pension funds IRA's Mutual Funds Insurance companies are the savings that is being (? missalocciatd) pushed to the 1%.
If you feel like the TBTF banks are saviors fine, but if you feel they are not needed (ie they don't lend savings but printed social pain. You can call your mutual funds, college endowments, pension funds and tell them not to bankrole these TBTF.
Jamie Dimon has a vote this week... JPM 71T in swaps (remember reserves colateral was 8.5% printed 85%) .. Tie it back to Judd to quote George Carlin "YOU DON'T HAVE A CHOICE YOU HAVE OWNERS"..
http://www.occ.gov/news-issuances/news-releases/2013/nr-occ-2013-45.html
Just tell me how I can get short against your future success.
Let's not forget Gregg made a call that things would fall apart by 2015. At least he is one of the very few federal officials who recognize that the economy 'could' be facing some major problems. It would be dissappointing to see him suddenly say everything is all blue skies now but I am willing to give Gregg a chance. btw Orin Hatch (R-UT) also has publiclly stated that the real debt is way over $16T. Most of these folks don't even know or acknowledge that we have unpayable debt.
Fuck this slimeball piece of shit. Does anyone remember him giving the Chairstan Bernanke a blowjob at his confirmation hearing? I do, it was awful. He flat out sucked him off.
I was going to post the link from YouTube of said sex act - but somethings missing -
see link --> http://www.youtube.com/watch?v=TJdu2-xxJ6c
Like the entire video - What the fucks up with that?
Another GOP Bankster BJ artist - Douchbag. And CNBC favorite - along with Eric Kantor, Jack Welsh, Dick Fisher the other cast of BANKSTER loving Re-pubic-can characters.
interesting thread...
JG has signaled his only interests in the future will be Treasury Secretary. Who could run for higher office having represented SIFMA?
What ZH readers don't understand is that MOST of the key Members at House FinServ and Senate Banking really do NOT understand global financial markets. Yet this does not stop them from regulating and legislating them. At least JG understands them a little.
To lump all banks as though everyone is Goldman is also a mistake. There are many other pressures on the system and increasingly the sell-side is growing in importance.
As the traditional banksters see their business models implode, do readers here really think they will not fight till the death to preserve their profits? come on don't be stupid.
The other point above mentions not just the banksters but lets call them the OEX in general. Make no mistake, these companies see a global war economically. They make no secret that they need help to fight this fight. Its not just US taxpayers held in the balance, its the broader global populace.
As much as ZH readers hate the banksters and our multi-national corporations, they should realize the real enemies are foreign banksters and multi nationals.
Your mistake is thinking ZHearses 'hate' the bankers. ZHearses are jealous. Do u think a single one would do anything different if they were in TPTB/TBTF seat?
maybe the ones already off the grid...but the ones i kno made it first, on the grid. afa ur insinuation they are fighting the good fight (for us? gimme a ...) against foreign banksters, read up on LIBOR, OIL, PM's, ELECT. #uck, even Art. It really is THEM against the rest of us
skull&bones?
Madoff was occupied
I wish I could conduct my life with ethicless impunity and plausible deny-ability. I however fear for my soul.
Golem Sachs and Gorgon Stanley, huh? I'm also so sure that Mr. Bentsen is not even remotely related to former TX senator Lloyd Bentsen! OMG, how I hate that state! So, Gregg is going to work on regulators, to make sure that they kowtow to SIMFA. What a great fucking day for the USA!!! This douchebag is another proponent of crony capitalism. NUKE TEXAS!
Gosh, what are you talking about? Texas gave us two great presidents within the last 50 years, one who gave us the "Great Society" social welfare programs and got us deeper into Vietnam, the other gave us hands-off non-regulation of the financial sector and two wars on borrowed money that will have a total price tag of over $3 trillion dollars (at least!).
You trusted us...
Some things never change. Like the sound of that revolving door: "Ka-ching!"
More like the sound 'Clink" as the Bankster's Money cell door closes around us.