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Banks, Lobbyists Gave Panetta $700K

From the Wall Street Journal:

CIA Nominee Panetta Received $700,000 in Fees

By Glenn R. Simpson

WASHINGTON — The White House’s nominee for Director of the Central Intelligence Agency, Leon Panetta, has earned more than $700,000 in speaking and consulting fees since the beginning of 2008, with some of the payments coming from troubled financial firms and from a firm that invests in contractors for federal national security agencies, according to financial disclosures released Wednesday.

Mr. Panetta received $56,000 from Merrill Lynch & Co. for two speeches and $28,000 for a speech for Wachovia Corp., according to disclosures released ahead of Thursday’s scheduled Senate hearing on Mr. Panetta’s nomination…

The former White House chief of staff’s disclosure form also shows the delicate balance President Barack Obama is trying to strike — trying to curb the influence of lobbyists, while relying on Washington veterans who often help clients navigate the halls of power. Mr. Panetta’s forms show that he performed government affairs consulting last year and also sat on the board of a public affairs firm that lobbies Congress.

Like Mr. Daschle, who also worked for a firm with lobbying clients, Mr. Panetta doesn’t violate Mr. Obama’s ban on hiring registered lobbyists…

Mr. Panetta also received a $28,000 honorarium from the Carlyle Group, a private-equity firm that owns companies doing business with national-security agencies of the U.S. government. Carlyle holds a majority stake in the government consulting arm of Booz Allen Hamilton Inc., which works for the CIA and other agencies…

Mr. Panetta also reported receiving a $60,000 “Governmental Advisor Fee” from the Pacific Maritime Association, which represents the shipping industry. The group lobbies the federal government regarding terrorism laws that affect shipping…

What conflicts of interest?

Hey, at least Mr. Panetta may have paid his taxes.

May have.

(Thanks to BillK for the heads up.)

This article was posted by Steve on Thursday, February 5th, 2009. Comments are currently closed.

6 Responses to “Banks, Lobbyists Gave Panetta $700K”

  1. BillK says:

    From the Wall Street Journal:

    CIA Nominee Panetta Received $700,000 in Fees

    By Glenn R. Simpson

    WASHINGTON — The White House’s nominee for Director of the Central Intelligence Agency, Leon Panetta, has earned more than $700,000 in speaking and consulting fees since the beginning of 2008, with some of the payments coming from troubled financial firms and from a firm that invests in contractors for federal national security agencies, according to financial disclosures released Wednesday…

    http://online.wsj.com/article/SB123378062602049003.html

    Lobbyists are bad… unless they’re Democrats, of course.

  2. Odie44 says:

    Well Harry Reid did do a romantic “prose style” tear jerker, concerning lobbysts are really “just moms and dads too”.
    Nevermind the hypocrisy and 180 from the anti lobby stance.

    More importantly – who/why/how/what would pay this ninny $25k and up to speak about nothing? I dont have an issue with high speaker feees, I do have an issue with useless dolts getting payola from some other folks who are bankrupt now and need money.

    Not to mention he has zero intelligence experience.

    Perhaps as Director of the CIA – he can just speak to people about his intelligence ignorance – major advantage for the US if he is doing the talking. The enemy, Clinton donors and every other country would be baffled by the bull shit.

  3. proreason says:

    The Moron is going to have to proclaim a graft threshold below which he won’t consider revoking a nomination.

    Otherwise, he’ll be busy full-time covering up for criminals on TV.

  4. Liberals Demise says:

    O Zoner Barry has a “Bell Curve” that is going down and no prospect of it ever swinging back up. Criminals, thugs, pimps and Ho’s is all he seems to be able to toss up on the plate. Obama makes Clinton look like a 1st time car jacker.

  5. wardmama4 says:

    The One ™ nominating criminals – Who’d thunk it?!?
    The Chicago Thug Political Machine running Washington D.C. – what a scary thought.
    You know, maybe all these companies and corporations wouldn’t need a bailout if they would just stop paying political hacks to speak/grease the wheels for them.

    Wouldn’t we all – elected Representatives, taxpayers and the corporations be in better financial situations?

  6. DANEgerus says:

    Another form of “cashing in”. Or didn’t all of you readers think that all lobbyists ultimately earn tax-dollars either earmarked directly to their employer, or on the form of tax & regulatory preferences?


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