Emanuel Pick Underscores BalancingAct Ahead in Reshaping Financial Industry(he made $16M=hedge fund)

Wall Street Journal ^ | 11-8-08 | Brody Mullins, Siobhan Hughes

[STARWISE]

President-elect Barack Obama's new chief of staff, Rep. Rahm Emanuel of Illinois, will be working on overhauling the same financial industry that brought him millions of dollars as an investment banker.

Mr. Obama's choice of Mr. Emanuel to lead his White House staff through the economic crisis symbolizes the awkward balancing act that Democrats will face as they reshape the financial industry that they have also cultivated for political support.

[freekitty]

It’s rather like putting the fox in the hen house.

[STARWISE]

~~PING!

[STARWISE]

~~PING!

[Admin Moderator]

The link you labeled:

"According to a 2003 article in The Chicago Tribune"

going to an article on a blog which you copied and pasted in #1, actually credits the article as being from the New York Times, and not from the Chicago Tribune.

Copyright restrictions from the New York Times require all of their material to be excerpted and linked. Unfortunately this means your post has to be removed.

[rodguy911]

Just don't give ol’ Rhambo a steak knife we already know what he thinks of us and what he will do with it.

[STARWISE]

Did I really post the Chicago Tribune ?

I am sorry ... that shows how feeble
and braindead I was at the hour and
after checking ad nauseum all day to
see if FR was back up.

Thank you for correcting my mistake.

[STARWISE]

“In his two-and-a-half-year stint as a banker, Mr. Emanuel — who once once trained as a ballet dancer and was a civilian volunteer in the Israeli army — made $16.2 million, according to Congressional disclosures.

(($16.2M in 2-1/2 years!!))

*snip*

In one deal, he advised Commonwealth Edison, the power producer,

((**ComEd, formerly chaired by William Ayers’ father**))

in its $8.2 billion acquisition of Pennsylvania-based Peco Energy. In the other, he helped GTCR Golder Rauner, a Chicago-based venture capital and private equity firm, in its purchase of the SecurityLink home security unit from SBC Communications, now AT&T.”

http://dealbook.blogs.nytimes.com/2008/11/07/rahm-emanuel-former-investment-banker/

[headstamp 2]

“Balancing” act. LOL

Is THAT what it is?

So much for “change”

The voters have absolutely no idea what they have just done.