They will stoop to anything to interfere with regulation of Wall Street by our elected officials. All of the lobbying money, all of the interference, all of the threats, all of the loss of democracy isn't enough. A Wall Street player has been outed as having changed his identity, legally changing his name, after leaving his Vice President position at Goldman Sachs, and is now working as one of Congressman Darryl Issa's point persons on regulation of the gentlemen's former employer.
Words elude me.
ThinkProgress has found that a Goldman Sachs vice president changed his name, then later went to work for Issa to coordinate his effort to thwart regulations that affect Goldman Sachs’ bottom line.
In July, Issa sent a letter to top government regulators demanding that they back off and provide more justification for new margin requirements for financial firms dealing in derivatives. A standard practice on Capitol Hill is to end a letter to a government agency with contact information for the congressional staffer responsible for working on the issue for the committee. In most cases, the contact staffer is the one who actually writes such letters. With this in mind, it is important to note that the Issa letter ended with contact information for Peter Haller, a staffer hired this year to work for Issa on the Oversight Committee.
Typical Issa office stuff. Except Peter Haller is the regulator formerly known as Peter Simonyi
Haller, as he is now known, went by the name Peter Simonyi until three years ago. Simonyi adopted his mother’s maiden name Haller in 2008 shortly after leaving Goldman Sachs as a vice president of the bank’s commodity compliance group. In a few short years, Haller went from being in charge of dealing with regulators for Goldman Sachs to working for Congress in a position where he made official demands from regulators overseeing his old firm.
Think Progress' piece points out that Mr. Haller nee Simonyl also previously worked his magic in a revolving door with Congress and Goldman Sachs.... this is perverse.
Read the rest here, including the re-print of Think Progress' previous expose of how Issa himself seemingly benefitted with a purchase of Goldman Sachs High yield bonds while working the regulatory issues with the firm....
http://thinkprogress.org/...