Thursday, February 2, 2012

Want to make big bucks on Wall Street?

Want a Wall Street job? Want to make big big bucks? Start out in Washington and get as close as you can to Treasury, the Fed, fiscal committees, etc.  Once you’re in, once you’re known to be working close with say Geithner for example, you’re a shoe-in for a job at a major firm… Like Goldman Sachs…

I caught the tail-end of a Bloomberg segment yesterday where the host summed up the discussion regarding Goldman hiring Richard Siewert with the word “brilliant”… Here’s what I found on this morning:

“Goldman Sachs Group Inc. (GS) may hire Richard “Jake” Siewert Jr., a former counselor to U.S. Treasury Secretary Timothy F. Geithner, to manage the bank’s communications department, according to three people familiar with the situation.”


“Hiring Siewert may help bolster Goldman Sachs’s links with the Democratic Party in the U.S., which controls the Senate and the White House under President Barack Obama.”

According to Jeffrey Sachs, 2011 saw $30+ billion spent on lobbying in Washington… Wow! Like I said Monday, how great would it be to have that money circulating, creating, multiplying in the private sector? Make no mistake; big government = big lobbying! I.e., the more influence the government has over business, the more incentive there is for business to influence government…

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