The Bankers on Obama’s Team

Test Ticker

Double your impact.
Defend the truth.

Trump sues and silences the press to try and avoid accountability. But Mother Jones won’t be intimidated. Now through September 30, your donation will be matched dollar-for-dollar thanks to a $50,000 online challenge grant. That means twice the impact to power our fearless reporting. The truth is under attack. Please stand with us.

Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily.

See More Charts

GOLDMAN SACHS CEO turned Treasury Secretary Hank Paulson wasn’t the first, or the last, to use the revolving door between Wall Street and Washington. Here’s a short list of Obama officials who got their start in the private sector—many, like Paulson, at “Government Sachs.”

OFFICIAL	CURRENT ROLE IN WASHINGTON	PREVIOUS ROLE ON WALL STREET
Neal Wolin	Deputy secretary of the treasury (Tim Geithner’s No. 2)	Exec at one of the largest insurance and investment firms
Mark Patterson	Treasury secretary’s chief of staff	Goldman Sachs lobbyist
Gene Sperling	Counselor to the treasury secretary	Made nearly $900,000 advising Goldman Sachs
Larry Summers	Obama’s chief economic adviser	Made $5 million as managing director of a hedge fund
Rahm Emanuel	White House chief of staff	Made $16 million as a partner at a Chicago investment bank
Herbert Allison	Assistant secretary of the treasury (oversees TARP)	Longtime exec at Merrill Lynch; headed Fannie Mae
Kim Wallace	Assistant secretary of the treasury for legislative affairs	Managing director at Barclays Capital and Lehman Brothers
Karthik Ramanathan	Acting assistant treasury secretary for financial markets	Foreign exchange dealer at Goldman Sachs
Matthew Kabaker	Deputy assistant secretary of the treasury	Made $5.8 million at the Blackstone Group in 2008-2009
Lewis Alexander	Counselor to the treasury secretary	Chief economist at Citigroup; paid $2.4 million in 2008-2009
Adam Storch	Managing executive of the SEC’s Division of Enforcement	VP of Goldman Sachs’ Business Intelligence Group
Lee Sachs	Counselor to the treasury secretary	Made more than $3 million at a New York hedge fund
Gary Gensler	Chairman of Commodity Futures Trading Commission	18 years at Goldman Sachs, where he made partner
Michael Froman	Deputy assistant to Obama, deputy nat’l security adviser	Managing director of a Citigroup investment arm