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Kagan's Goldman Sachs Ties Won't Hurt Supreme Court Chances, White House Says

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Bluebear Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 05:28 PM
Original message
Kagan's Goldman Sachs Ties Won't Hurt Supreme Court Chances, White House Says
WASHINGTON—The White House said Friday that Elena Kagan's membership on an advisory panel for the securities firm Goldman Sachs Group Inc. wouldn't disqualify her for a position on the Supreme Court.

Ms. Kagan, the solicitor general, is considered a top contender to replace retiring Justice John Paul Stevens. President Barack Obama is expected to announce his nomination next week. An announcement could come "at any moment," White House Press Secretary Robert Gibbs said Friday.

From 2005 to 2008, Ms. Kagan was a paid member of the Research Advisory Council of Goldman Sachs Global Markets Institute, according to financial-disclosure reports she filed after being appointed to her current job. The form shows she was paid $10,000 in 2008, when she was dean of Harvard Law School.

The Securities and Exchange Commission has accused Goldman in a civil suit of failing to disclose to clients in a deal involving mortgage-related securities that a hedge fund betting on the mortgages to fail helped design the product. Goldman denies the charges.

http://online.wsj.com/article/SB10001424052748703338004575230602921084726.html?mod=WSJ_WSJ_US_News_5
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Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 05:29 PM
Response to Original message
1. Is there anyone qualified that the squid doesn't have its tentacles into?
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PDJane Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 05:32 PM
Response to Original message
2. It damn well should hurt Kagan's chances.........
Since Goldman Sachs is the heart of the system rot.
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mucifer Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 05:34 PM
Response to Reply #2
3. $10.000 for a lawyer isn't that much money considering her decades of being a
working lawyer if this is all she got from goldman sachs it's not much.
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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 10:04 PM
Response to Reply #2
25. + 13 Trillion
They're not called Goldmine Sacked for nothing.
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Bluebear Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 11:11 PM
Response to Reply #2
35. .
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CreatureFeature Donating Member (112 posts) Send PM | Profile | Ignore Sun May-09-10 05:37 PM
Response to Original message
4. I really don't care about the GS connection
it is the fact that she appears to be a Neo-Con that should have us all concerned.
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Sebastian Doyle Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 09:54 PM
Response to Reply #4
19. Two sides of the same coin
That coin being the right wing mentality that has been systematically destroying this country for the last 30 years.
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sabrina 1 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 05:41 PM
Response to Original message
5. Of course it won't disqualify her. It seems that you
need a Goldman Sachs connection to get anywhere in this administration.

I would like to see someone like Elizabeth Warren on the SC, someone who isn't beholden in any way to the Corps that are at the root of most of this country's current problems.
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gmoney Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 05:45 PM
Response to Original message
6. Oh for fuck's sake... was Harriet Miers not available?
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bobbolink Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 07:41 PM
Response to Reply #6
11. ohmy....
:rofl: That really tore it... :rofl:
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katandmoon Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 05:55 PM
Response to Original message
7. Obama took a whole lot more than $10,000 in campaign contributions from GS, so of course the WH
doesn't think it's a problem for her.
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cherokeeprogressive Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 06:07 PM
Response to Original message
8. GS ties and a belief in indefinite detention without trial... I'd say she's a shoo-in.
Edited on Sun May-09-10 06:08 PM by cherokeeprogressive
"During her confirmation hearing last week, Elena Kagan, the nominee for solicitor general, said that someone suspected of helping finance Al Qaeda should be subject to battlefield law — indefinite detention without a trial — even if he were captured in a place like the Philippines rather than in a physical battle zone."

http://www.nytimes.com/2009/02/18/us/politics/18policy.html?_r=1
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Bluebear Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 07:13 PM
Response to Reply #8
9. 'indefinite detention without a trial' - good heavens.
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RC Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 07:20 PM
Response to Reply #8
10. Sounds like Elena is a candidate for the Tea-baggers.
When was we going to get some real Democrats in position of power in our government?
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bobbolink Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 07:43 PM
Response to Reply #10
13. When we find ourselves ice-skating in that really warm place.
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bobbolink Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 07:43 PM
Response to Reply #8
12. This certainly makes it clear that we MUST reelect Obama to protect the
Supreme Court.

There are no emoticons strong enough for this...

I give up.

Sell the country and let it go at that.
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HughMoran Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 09:59 PM
Response to Reply #8
22. Clearly Elena Kagan is a Nazi
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cherokeeprogressive Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 10:38 PM
Response to Reply #22
33. Those are YOUR words, not mine.
Do you have the word nazi permanently imprinted in your brain?

I noticed that you didn't refute what she said in her confirmation hearing. Some things are tough to live with, non?
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HughMoran Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 10:40 PM
Response to Reply #33
34. Nazi what?
What Nazi are you arguing Nazi?

No, I've heard it 100 times already, doesn't change anything at this point.
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Canuckistanian Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 08:58 PM
Response to Original message
14. She's in.
If she's got Goldman Sachs ties, she's a shoe-in. They'll welcome her as one of their own.
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Bluebear Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 09:43 PM
Response to Reply #14
16. .
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Bluebear Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 09:51 PM
Response to Reply #14
17. She's official now.
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HughMoran Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 09:55 PM
Response to Reply #14
20. lol
Now THAT's cynical! :rofl:
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TexasObserver Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 09:39 PM
Response to Original message
15. I disagree with the White House. It's a deal breaker.
Her hiring record and this mean she won't likely win confirmation and was a bad choice, IMHO.
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JVS Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 09:52 PM
Response to Original message
18. Oh great. I'm sick of this shit. Does Obama know anyone who isn't affiliated with GS?
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lonestarnot Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 09:59 PM
Response to Reply #18
23. I am wondering that myself. Fucking A. Although, I must admit I do
not know enough about Ms. K to make a judgment at this time.
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Bluebear Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 10:02 PM
Response to Reply #23
24. this is worrisome:
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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 09:59 PM
Response to Original message
21. If it would disqualify her from ruling on a case against GS it should disqualify her as a SCJ
It's a simple enough question for me.
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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 10:07 PM
Response to Original message
26. Follow the Money
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lonestarnot Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 10:11 PM
Response to Reply #26
27. I smell it.
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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 10:15 PM
Response to Reply #27
30. Pretty soon, any more of these 'largest transference of wealth in histories'...
...and we'll be broke clear through our great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-great-grandchildren. You know, way before then, though, we'll all have been penured by the manor lords to the debtor's prison.

Swell people. Henry Paulson, Banker to the BFEE. These swells.
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lonestarnot Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 10:24 PM
Response to Reply #30
32. Certainly wish something could be done.
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Bluebear Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-10 01:52 AM
Response to Reply #30
36. + + +
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Rex Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 10:14 PM
Response to Original message
28. Well how much did she know those years about GSs plan to destroy the stock market?
Edited on Sun May-09-10 10:16 PM by Rex
That is my question and I am beginning to wonder about Obama. WTF is he thinking?
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Better Believe It Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 10:14 PM
Response to Original message
29. In fact, that should help her get votes from conservatives in the Senate!
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riderinthestorm Donating Member (1000+ posts) Send PM | Profile | Ignore Sun May-09-10 10:21 PM
Response to Original message
31. She's in. This leak more than anything else indicates to me that she's the one
Why else would the WH Admin even say a word?
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