It's a big day for revolving-door news. First this, and now the New York Times reports that the chief of the securities fraud unit for the United States attorney's office in Manhattan, Christopher Garcia, is leaving to become a $1.2 million-a-year white collar defense lawyer at Weil, Gotshal & Manges. From the Times:
The well-worn path from the federal prosecutor's office in Manhattan to practicing white-collar defense at a corporate law firm has been an especially busy one lately. Boyd M. Johnson III, a former deputy United States attorney in Manhattan, recently joined WilmerHale, and Jonathan R. Streeter, the lead prosecutor in the case against Mr. Rajaratnam, has departed for Dechert.
At this rate, it might actually make significant progress toward closing the federal deficit to apply the Glenn Reynolds anti-revolving door tax of "A 50% surtax on anything earned within five years after leaving the federal government, above whatever the federal salary was."