BUSINESS
06/19/2010 05:12 am ET | Updated May 25, 2011

Goldman Hires Greg Craig, Ex-White House Lawyer, For SEC Defense

Goldman Sachs is launching an aggressive response to its political and legal challenges with an unlikely ally at its side -- President Barack Obama's former White House counsel, Gregory Craig.

The beleaguered Wall Street bank hired Craig -- now in private practice at Skadden, Arps, Slate, Meagher & Flom -- in recent weeks to help in navigate the halls of power in Washington, a source familiar with the firm told POLITICO.

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