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Donnachaidh Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-17-09 09:41 AM
Original message
US Rep Frank bars Goldman Sachs lobbyist-aide
http://www.reuters.com/article/rbssFinancialServicesAnd...


WASHINGTON, Sept 16 (Reuters) - A top lobbyist for Wall Street giant Goldman Sachs (GS.N) has been barred from communicating with members and staff of the U.S. House of Representatives Financial Services Committee, an aide to the panel's chairman said on Wednesday.

Democratic Representative Barney Frank has banished Goldman's Michael Paese, a former committee staffer, from dealing with the panel while it considers a long list of financial reform proposals, some directly impacting Goldman.

"Mr. Paese left our offices in September 2008, and was not allowed to communicate with any committee members or staff for a period of one year due to normal ethics restrictions that apply to all House and Senate employees," said Frank aide Steven Adamske in a statement.

"Out of an abundance of caution due to the nature of financial regulation reform, the chairman has extended Mr. Paese's recusal for another year," Adamske said.


Moe at the link above --
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Vinnie From Indy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-17-09 09:50 AM
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1. That is like killing one bee in a swarm of bees
I have every confidence that Goldman-Sachs will find a suitable replacement.
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Overseas Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-17-09 09:55 AM
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2. K&R. Thanks to Barney Frank.
I am glad he's on the Financial Services Committee.
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Romulox Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-17-09 09:59 AM
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3. Too bad Barney didn't propose that rule when they were handing out all that money... nt
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WatchWhatISay Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-17-09 10:47 AM
Response to Reply #3
5. When was that?
The article states that this rule started in Sept., 2008, and is now being extended for a second year.
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Romulox Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-17-09 11:05 AM
Response to Reply #5
6. Read the article. The lobbyist in question worked for Frank just prior to Sept. 08. nt
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WatchWhatISay Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-17-09 02:40 PM
Response to Reply #6
7. I did read it, as is apparent from my post. Now answer my question,
which is when was the money handed out? What else could Barney Frank have done to have avoided impropriety of dealing with a former staffer turned lobbyist, than to extend (voluntarily)a restriction designed to avoid a conflict of interest or the appearance of a conflict of interest?
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OwnedByFerrets Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-17-09 10:07 AM
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4. Good on ya Mr Frank.
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