President Obama is considering Gene Sperling along with Roger Altman as a possible replacement for Lawrence Summers as chairman of the National Economic Council, a top White House economic policy job, The New York Times reports.
This is the same Gene Sperling who was paid $887,727 in one year by Goldman Sachs, supposedly for his advice on its charitable giving, and who also reportedly earned "$158,000 for speeches mostly to financial companies, including the firm run by accused Ponzi scheme mastermind R. Allen Stanford." He also "drew a $137,500 salary from Bloomberg News for writing a monthly column and appearing on television." The Bloomberg column didn't disclose to readers that Mr. Sperling was on the Goldman Sachs payroll, even as Mr. Sperling used it to blame the Bush administration, rather than, say, Goldman Sachs, for foreclosure problems.
The Times article doesn't get into any of this.