[From nobody Sun Oct 7 19:24:07 2018 Return-Path: <sentto-4649947-23484-1238862537-JGSHURT69=aol.com@returns.groups.yahoo.com> Received: from rly-de01.mx.aol.com (rly-de01.mail.aol.com [172.19.170.137]) by air-de01.mail.aol.com (v123.4) with ESMTP id MAILINDE012-4b249d78aca2b2; Sat, 04 Apr 2009 12:29:15 -0400 Received: from n73d.bullet.mail.sp1.yahoo.com (n73d.bullet.mail.sp1.yahoo.com [98.136.45.98]) by rly-de01.mx.aol.com (v123.4) with ESMTP id MAILRELAYINDE017-4b249d78aca2b2; Sat, 04 Apr 2009 12:28:58 -0400 DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; d=yahoogroups.com; s=lima; t=1238862538; bh=SqqRNsvThw8anvlXvIaCUM2biUIAEV2SsNQ2RLpx1hg=; h=Received:Received:X-Yahoo-Newman-Id:X-Sender:X-Apparently-To:X-Received:X-Received:X-Received:X-Received:Message-ID:To:Importance:X-OriginalArrivalTime:X-Originating-IP:X-eGroups-Msg-Info:From:X-Yahoo-Profile:Sender:MIME-Version:Mailing-List:Delivered-To:List-Id:Precedence:List-Unsubscribe:Date:Subject:Reply-To:X-Yahoo-Newman-Property:Content-Type:Content-Transfer-Encoding; b=kmgSTNLtZ53UdhLL5A73JHP6B323KQJOZW9YqlAT2N6KFvCzZ2oI/47uEZnVmGyKR+0Vd6h3WR9ZW5nGyw+j4pjX5n6PC21huWa2cWJscIy5g1SAYhx9kAv2jVEIjCue DomainKey-Signature: a=rsa-sha1; q=dns; c=nofws; s=lima; d=yahoogroups.com; b=vDNTDkTH523YzOHKpIVP8FsLJRXKEpOICeXH37SEYwB4t6d1o+uMREzvPr22OM2M7ltHuLBE8c6Taw2IJCYhJVBtPcdWibEtOpCaUVv2GgUdGafyyLgSv6EnQsB44SoT; Received: from [69.147.65.147] by n73.bullet.mail.sp1.yahoo.com with NNFMP; 04 Apr 2009 16:28:58 -0000 Received: from [69.147.108.199] by t10.bullet.mail.sp1.yahoo.com with NNFMP; 04 Apr 2009 16:28:58 -0000 X-Yahoo-Newman-Id: 4649947-m23484 X-Sender: cordymac@hotmail.com X-Apparently-To: green_all_views@yahoogroups.com X-Received: (qmail 75833 invoked from network); 4 Apr 2009 16:28:50 -0000 X-Received: from unknown (69.147.108.200) by m8.grp.re1.yahoo.com with QMQP; 4 Apr 2009 16:28:50 -0000 X-Received: from unknown (HELO blu0-omc3-s24.blu0.hotmail.com) (65.55.116.99) by mta1.grp.re1.yahoo.com with SMTP; 4 Apr 2009 16:28:50 -0000 X-Received: from BLU123-W9 ([65.55.116.73]) by blu0-omc3-s24.blu0.hotmail.com with Microsoft SMTPSVC(6.0.3790.3959); Sat, 4 Apr 2009 09:28:29 -0700 Message-ID: <BLU123-W999251876939D1BE694B6C3860@phx.gbl> To: cord macguire <cordymac@hotmail.com> Importance: Normal X-OriginalArrivalTime: 04 Apr 2009 16:28:29.0472 (UTC) FILETIME=[63453A00:01C9B542] X-Originating-IP: 65.55.116.99 X-eGroups-Msg-Info: 1:12:0:0:0 From: cord macguire <cordymac@hotmail.com> X-Yahoo-Profile: cjmac80305 Sender: Green_All_Views@yahoogroups.com MIME-Version: 1.0 Mailing-List: list Green_All_Views@yahoogroups.com; contact Green_All_Views-owner@yahoogroups.com Delivered-To: mailing list Green_All_Views@yahoogroups.com List-Id: <Green_All_Views.yahoogroups.com> Precedence: bulk List-Unsubscribe: <mailto:Green_All_Views-unsubscribe@yahoogroups.com> Date: Sat, 4 Apr 2009 10:28:29 -0600 Subject: [Green_All_Views] O's Millionaires Reply-To: Green_All_Views@yahoogroups.com X-Yahoo-Newman-Property: groups-email-tradt-m Content-Type: text/plain; charset=Windows-1252 Content-Transfer-Encoding: quoted-printable X-AOL-IP: 98.136.45.98 X-AOL-SCOLL-AUTHENTICATION: mail_rly_antispam_dkim-d287.1 ; domain : yahoogroups.com DKIM : pass X-Mailer: Unknown (No Version) Financial Industry Paid Millions to Obama Aide=20 /////////////////////////////////////// by Jeff Zeleney New York Times http://www.nytimes.com/2009/04/04/us/politics/04disclose.html?hp April 4, 2009 =20 =20 WASHINGTON - Lawrence H. Summers, the top economic adviser to President Obam= a, earned more than $5 million last year from the hedge fund D. E. Shaw and=20= collected $2.7 million in speaking fees from Wall Street companies that rece= ived government bailout money, the White House disclosed Friday in releasing= financial information about top officials. =20 Mr. Summers, the director of the National Economic Council, wields important= influence over Mr. Obama=92s policy decisions for the troubled financial in= dustry, including firms from which he recently received payments.=20 =20 Last year, he reported making 40 paid appearances, including a $135,000 spee= ch to the investment firm Goldman Sachs, in addition to his earnings from th= e hedge fund, a sector the administration is trying to regulate.=20 =20 The White House released hundreds of pages of financial disclosure forms, wh= ich are required of all West Wing officials. A White House spokesman, Ben La= Bolt, said the compensation was not a conflict for Mr. Summers, adding it wa= s not surprising because he was =93widely recognized as one of the country= =92s most distinguished economists.=94 =20 Mr. Summers=92s role at the White House includes advising Mr. Obama on wheth= er =97 and how =97 to tighten regulation of hedge funds, which engage in hig= hly sophisticated financial trading that many analysts have said contributed= to the economic collapse.=20 =20 Mr. Summers, a former president of Harvard University, was Treasury secretar= y in the Clinton administration. He appeared before large Wall Street compan= ies like Citigroup ($45,000), J. P. Morgan ($67,500) and the now defunct Leh= man Brothers ($67,500), according to his disclosure report. He reported bein= g paid $10,000 for a speaking date at Yale and $90,000 to address an organiz= ation of Mexican banks. =20 While Mr. Obama campaigned on a pledge to restrict lobbyists from working in= the White House, a step intended to reduce any influence between the admini= stration and corporations, the ban did not apply to former executives like M= r. Summers, who was not a registered lobbyist. In 2006, he became a managing= director of D. E. Shaw, a firm that manages about $30 billion in assets, ma= king it one of the biggest hedge funds in the world.=20 =20 =93Dr. Summers was not an adviser to or an employee of the firms that paid h= im to speak,=94 Mr. LaBolt said.=20 =20 He added, =93Of course, since joining the White House, he has complied with=20= the strictest ethics rules ever required of appointees and will not work on=20= specific matters to which D. E. Shaw is a party for two years.=94 =20 A review of hundreds of pages of financial disclosure forms on Friday evenin= g offered an extensive portrait of the wealth of top officials in the Obama=20= administration. The forms detail the salaries, bonuses and investments of th= e president=92s circle of advisers, many of whom took deep pay cuts from the= private sector and sold their companies to work at the White House. =20 David Axelrod, who was the chief campaign strategist to Mr. Obama and now se= rves as a senior adviser to the president, reported a salary of $1 million l= ast year from his two consulting firms. Over the next five years, according=20= to his disclosure form, he will get $3 million from the sale of the two firm= s, which provide media and strategic advice to political clients. He listed=20= assets of about $7 million to $10 million, and reported a long list of Democ= ratic clients and a few corporate concerns, including AT&T and the Exelon Co= rporation, a nuclear energy company. =20 The disclosure forms also shed further light on the compensation received by= a top Obama aide who previously worked for Citigroup, one of the largest re= cipients of taxpayer bailout money. The aide, Michael Froman, deputy nationa= l security adviser for international economic affairs, received more than $7= .4 million from the company from January 2008 to when he joined the White Ho= use this year.=20 =20 That money included a year-end bonus of $2.25 million for work in 2008, whic= h Citigroup paid him in January. Such bonuses have prompted political contro= versy in recent months, including sharp criticism from Mr. Obama, who in Jan= uary branded them as =93shameful.=94 =20 The White House had previously acknowledged that Mr. Froman received such a=20= year-end bonus and said he had decided to give it to charity, but would not=20= say what it was.=20 =20 The administration said Friday that Mr. Froman was working on giving the $2.= 25 million to a combination of charities related to homelessness and cancer,= which took the life of his son this year. =20 The remainder of Mr. Froman=92s earnings from Citigroup included deferred co= mpensation and bonuses for work performed in prior years, as well as a $2 mi= llion payment for waiving his carried-interest stake in several private equi= ty funds.=20 =20 The White House said Mr. Froman decided to take the buyouts to avoid having=20= to recuse himself from foreign-policy issues related to the funds=92 investm= ents, like India infrastructure, which means he would be taxed at ordinary i= ncome rates on the money. =20 Millionaires work in a variety of positions across the administration, and t= hey include Desir=E9e Rogers, the White House social secretary. Ms. Rogers,=20= a close Chicago friend of the Obama family, reported income of $2.3 million=20= last year. She earned a salary of $1.8 million from People=92s Gas & North S= hore Gas, along with three other sources of income from serving on insurance= company boards. =20 Thomas E. Donilon, the deputy national security adviser, reported earning $3= .9 million as a partner at the Washington law firm O=92Melveny & Myers. His=20= disclosure form says major clients included Citigroup, Goldman Sachs and Apo= llo Management, a private equity firm in New York that specializes in distre= ssed assets and corporate restructuring.=20 =20 Mr. Donilon is also entitled to future pension payments from Fannie Mae, whe= re he worked from 1999 to 2005. =20 *** =20 =20 ------------------------------------ Yahoo! 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