The Carlyle Group announced the addition of six heavyweights to its Global Financial Services Group. The six are a mix of Wall Street and ex-federal government leaders. Does that sound familiar? It should as the politically connected investment house runs this play over and over. The pedigree of those joining the Pennsylvania Avenue private equity underwriter (PEU) include:Former Chairman of JPMorgan Chase & Co.
Former Vice Chairman and Chief Financial Officer, U.S. Bancorp
Former Under Secretary of the U.S. Treasury for Domestic Finance
Former Vice President, Financial Institutions Group, Goldman Sachs
Former Research Analyst, Legg Mason Capital Management
Former Vice President, Financial Institutions Group, Goldman Sachs
A warm welcome and round of back slaps to the six new PEU boys.
P.S. If the testimony went well, they might just keep their tax break on investment profits. The bellweather on that issue could be New York Senator Chuck Schumer.
