Ha-Ha: Another Obama/Goldman-Sachs Coincidence For You Middle-Class Chumps

[MannyGoldstein]

http://www.latimes.com/business/la-fi-sec-coo16-2009oct16,0,6370675.story">SEC unit hires ex-Goldman Sachs worker as chief operating officer

Adam Storch had worked since 2004 in a Goldman unit that reviewed contracts and transactions for signs of fraud. His new job is to make the SEC's enforcement division more efficient.

The Securities and Exchange Commission hired a 29-year-old former employee in Goldman Sachs Group Inc.'s business intelligence unit as the first chief operating officer in the agency's enforcement division, according to people familiar with the decision.

The new operating chief, Adam Storch, had worked since 2004 in a Goldman unit that reviewed contracts and transactions for signs of fraud.

His new job is to make the SEC's enforcement division more efficient. Reached by phone at the SEC, he declined to comment.

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I'm sure Storch will actively enforce against his ex(?)-employer.

Great stuff!

[rucky]

1. Is it possible they keep tapping Goldman insiders...

to get to them?

:shrug:

[conscious evolution]

2. I doubt it

I bet what they mean by looking for fraud was to keep an eye out for stuff they could get busted for in order to protect themselves.

[rucky]

3. that would be the more likely conclusion.

I'm just hoping it's not true.

Another DUer said that the White House doesn't make the SEC appointments - they do it independently.

Maybe it's time for an investigation of the SEC? (long overdue)

[FLAprogressive]

4. Investigate the Fed, the SEC, everything

[Marr]

5. Are you kidding me?

No-- it's not that.

[Blue_Tires]

6. kick