President Elect Joe Biden is a forgiving man in his appointment of Neera Tanden for OMB Chief. PEUReport wrote in December 2016:
Neera Tanden: To tell me that Biden (or his people - unclear to me who) are calling asking for support. Not doing a hard sell. Apparently, he's having some meeting in Washington that he's asking people to attend. You've probably heard stuff like this, but on the off chance you haven't, letting you know. Aug 14, 2015 4:49 PM
John Podesta: Yup. Hunter, Mike Donilon, Ricchetti. Biden can't seem to lean on people. Still can't figure out whether he'll rally himself to do it. Hadn't heard about DC meeting. Losing more sleep over getting straight answers from Cheryl than this. Aug 14, 2015 at 9:58 PM
Neera Tanden: I was just at the Tower of London and the Rack seemed to be a very successful strategy for getting straight answers from at least some people. (Source: Wikileaks e-mail 4115)
It's funny how today's Blue team sounds so much like the Reds.
That was before the Red Team catered to President Trump's insatiable ego and vengeful rages.
President Elect Joe Biden's first two staff picks, Ron Klain and Anthony Blinken, came from private equity. Neera Tanden catered to The Blackstone Group as Hillary Clinton's campaign advisor.
Private equity underwriters (PEU) invest in both political parties so they can garner a share of the federal wallet no matter who wins office. Bloomberg Tax reported on 11-5-20:
Private equity managers and their investors, who were concerned about progressive plans to increase taxes and regulation on their industry, are relieved the expected “blue wave” scenario that would have handed Democrats control of the presidency and both chambers of Congress now looks unlikely.
That’s led to jumps in the fortunes five of the wealthiest private equity titans at publicly traded firms since the election as stock prices rose.
The greed and leverage boys supported Tanden's Center for American Progress.
According to the lists CAP shared with POLITICO, the group received significant donations from some top Wall Street outfits — at least $100,000 from Citigroup and Stephen Schwarzman’s private-equity firm, Blackstone, and $50,000 from Bank of America and Goldman Sachs. Wells Fargo gave $5,000.
Politicians Red and Blue love PEU. Two of the three architects of PPACA are PEUs. Tom Daschle's latest PEU job is with Pine Island Capital Partners while Nancy-Ann DeParle is with Consonance Capital. Tanden is a PEU fan and will be able to steer vast portions of the federal wallet to the greed and leverage boys.
Update: Glenn Greenwald eviscerated Tanden on a ZeroHedge post.
