<http://scottystarnes.wordpress.com/author/scottystarnes/> Obama picks Wall Street 'Fat-Cat' for State Department Post<http://scottystarnes.wordpress.com/2010/10/21/obama-picks-wall-street-fat-cat-for-state-department-post/> *Scotty Starnes <http://scottystarnes.wordpress.com/author/scottystarnes/>*| October 21, 2010 at 9:00 AM | Tags: bank bailout <http://scottystarnes.wordpress.com/tag/bank-bailout/>, Barack Obama<http://scottystarnes.wordpress.com/tag/barack-obama/>, Citigroup <http://scottystarnes.wordpress.com/tag/citigroup/>, Clinton fundraiser <http://scottystarnes.wordpress.com/tag/clinton-fundraiser/>, fat-cat Wall Street banker<http://scottystarnes.wordpress.com/tag/fat-cat-wall-street-banker/>, Hillary Clinton <http://scottystarnes.wordpress.com/tag/hillary-clinton/>, Morgan Stanley <http://scottystarnes.wordpress.com/tag/morgan-stanley/>, Obama<http://scottystarnes.wordpress.com/tag/obama/>, pay-to-play <http://scottystarnes.wordpress.com/tag/pay-to-play/>, President Obama <http://scottystarnes.wordpress.com/tag/president-obama/>, State Department <http://scottystarnes.wordpress.com/tag/state-department/>, Thomas R. Nides <http://scottystarnes.wordpress.com/tag/thomas-r-nides/> | Categories: Uncategorized<http://scottystarnes.wordpress.com/category/uncategorized/>| URL: http://wp.me/pvnFC-3b2
It's the "status quo" that Obama claims to hate. He hates it so much he went out and got a Wall Street 'fat-cat' who made $$$ at a Wall Street bank that received taxpayer $$$ in the form of a bailout. This appointee also donated $$$ to Obama's presidential campaign. Pay to play anyone? The Washington Times <http://www.washingtontimes.com/news/2010/oct/20/wall-street-mogul-picked-for-state-department-post/> reports: *President Obama's nominee for deputy secretary of state has earned more than $8 million in salary and bonuses since January 2009 as an executive at a Wall Street bank that received a federal bailout.* *Thomas R. Nides, a six-figure fundraiser for Hillary Rodham Clinton during her 2008 presidential run, disclosed his compensation from Morgan Stanley in a recent filing with the U.S. Office of Government Ethics.* Mr. Nides, the company's chief operating officer, also said he remains eligible for additional bonus money at Morgan Stanley, which repaid its share of the federal bailout last year. As deputy secretary of state for management and resources, Mr. Nides would replace Jacob Lew, who is awaiting confirmation as Mr. Obama's federal budget chief and whose *own nearly $1 million bonus at bailed-out banking giant Citigroup last year came under scrutiny.* The powerful position is one of two deputy secretary slots at the State Department, a post described on the department's website as chief operating officer and "alter ego" to Mrs. Clinton, the secretary of state. Mr. Nides told ethics regulators that he could receive a prorated bonus from the company based on his work there this year. He will remain with the firm during the Senate confirmation process, the company said in a Securities and Exchange Commission (SEC) filing. Morgan Stanley did not return telephone and e-mail messages seeking comment. White House spokesman Tommy Vietor said that like all nominees, Mr. Nides will be subject to ethics restrictions barring his participation for two years in particular matters involving his former employer. Asked whether Mr. Nides' fundraising helped him get the job, Mr. Vietor said, "Mr. Nides was selected because he's extremely well qualified for the job." He referred questions about Mrs. Clinton's involvement in Mr. Nides' selection to the State Department. A State Department spokesman said officials there do not discuss pending nominations as a matter of policy. *Mr. Nides is well-connected politically. According to the watchdog group Public Citizen, he raised at least $100,000 for Mrs. Clinton's 2008 campaign and election records show he personally donated tens of thousands of dollars to other federal politicians, including Mr. Obama.* Craig Holman, legislative director for Public Citizen, said money is the most effective way to befriend a politician and to gain access and appointments. Continue reading>>><http://www.washingtontimes.com/news/2010/oct/20/wall-street-mogul-picked-for-state-department-post/> Add a comment to this post<http://scottystarnes.wordpress.com/2010/10/21/obama-picks-wall-street-fat-cat-for-state-department-post/#respond> <http://feeds.wordpress.com/1.0/gocomments/scottystarnes.wordpress.com/12216/> <http://feeds.wordpress.com/1.0/godelicious/scottystarnes.wordpress.com/12216/> <http://feeds.wordpress.com/1.0/gofacebook/scottystarnes.wordpress.com/12216/> <http://feeds.wordpress.com/1.0/gotwitter/scottystarnes.wordpress.com/12216/> <http://feeds.wordpress.com/1.0/gostumble/scottystarnes.wordpress.com/12216/> <http://feeds.wordpress.com/1.0/godigg/scottystarnes.wordpress.com/12216/> <http://feeds.wordpress.com/1.0/goreddit/scottystarnes.wordpress.com/12216/> [image: WordPress] WordPress.com <http://wordpress.com/> | Thanks for flying with WordPress! Manage Subscriptions<http://subscribe.wordpress.com/?key=5d39acfd19218362d540a3fc3dc3315d&email=baconlard%40gmail.com>| Unsubscribe<http://subscribe.wordpress.com/?key=5d39acfd19218362d540a3fc3dc3315d&email=baconlard%40gmail.com&b=ukJ8f2Si4NfoRFIPm%26bf-KLdkYwfKG%7CaL%7C%25i%2CRfur>| Reach out to your own subscribers with WordPress.com.<http://wordpress.com/signup/?ref=email> *Trouble clicking? Copy and paste this URL into your browser:* http://subscribe.wordpress.com -- Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more.
