Monday, July 17, 2017

Where is Robert Reich when you need him?

May 15, 2017
By Lee Fang

AFTER USING GOLDMAN Sachs (click here) as a punching bag for his campaign, sharply criticizing his political opponents for ties to the investment bank, Donald Trump has taken unprecedented steps to appoint former Goldman Sachs attorneys and executives to the upper echelons of government.

It goes far beyond what’s been reported. Not only is Jay Clayton Trump’s chair of the Securities and Exchange Commission, after serving as the attorney who advised the bank during the bailouts of 2008, but new disclosures show that the team Clayton brought with him to oversee the financial market regulator are also former Goldman Sachs attorneys.

The Intercept obtained the ethics disclosure form for Sean Memon, Clayton’s deputy chief of staff, which shows that Memon previously worked for Goldman Sachs, as well as a range of other Wall Street clients, including Wells Fargo, J.P. Morgan Chase, AIG, MetLife, Ally Financial, and Deutsche Bank.

Last month, Clayton also brought in Steven Peikin as one of two directors of the enforcement division of the SEC, one of the most prominent positions at the agency. Peikin, likMemon, previously served as an attorney to Goldman Sachs and other banks. All three men are former lawyers with Sullivan & Cromwell, arguably the most influential law firm of the 20th Century. 

While previous administrations have retained staff with ties to major banks, Trump has turned his administration into somewhat of a Goldman Sachs alumni organization....

Maybe this is like a 'Cheney Thing' where rewarding those that can prosecute and sue you is better for the personal wealth fund. If Trump was defaming Goldman during his campaign, this might be a way to prevent lawsuits, etc. No different than Cheney, Halliburton (later KBR) and Iraq. 

July 14, 2017
By Guelda Vioen

Easterly Government Properties, (click here) a landlord specializing in real estate that is leased backed to the U.S. government, secured $127 million towards its purchase of Loma Linda Ambulatory Care, a U.S. Department of Veterans’ Affairs medical facility in Southern California, Commercial Observer can exclusively report.

The ten-year, fixed-rate, interest-only CMBS loan was provided by Goldman Sachs, according to a representative for CBRE, which brokered the deal. The 60 percent loan-to-value in the financing represents a total purchase price of about $212 million.

Tom Traynor, James Millon, James Scott and Bernard Van der Lande of CBRE represented the borrower in the transaction. If Goldman retained representation, it was not immediately clear. A Goldman representative did not immediately reply to a request for comment....

Amazing. I thought the Kurshners and Chinese investors would have the inside track.

Aramark is looking for you:

Food Service Worker - Goldman Sachs 200 West (click here)

Get out there and be all you can be!