Goldman Sachs Revolving Door: The New Edition
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How times flies! Almost a year ago, we reported on Goldman Sachs's close ties to the government, highlighting the firm's long tradition of executives going to work in public service (as well as the reverse), noting that the links raised questions about potential conflicts of interest for a firm that benefited from a multi-billion-dollar bailout.
Since then, the scrutiny of Goldman has risen to a whole new level, with the SEC alleging that the firm committed securities fraud, federal prosecutors probing its subprime-mortgage-related activites and lawmakers grilling the firm's top executives.
And the revolving door continues to turn -- plenty of former Goldman staffers now work at a range of agencies from the SEC to the Treasury Department. To win friends and influence people in Washington -- and sway the pending financial reform legislation -- Goldman fields a deep bench of lobbyists with plenty of experience in politics, as noted by CBS News and the HuffPost Investigative Fund.
Check out our slideshow of Goldman's Revolving Door: The New Edition: