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OUTRAGE - Goldman VP Peter Haller Changed Name, Now a Top Congressional Staffer To Darrell Issa Working To Ease Dodd-Frank Derivatives Requirements On Goldman Sachs

UPDATE - More on this story from NY Mag.


Source - Think Progress

Has Rep. Darrell Issa (R-CA) turned the House Oversight Committee into a bank lobbying firm with the power to subpoena and pressure government regulators?  ThinkProgress has found that a Goldman Sachs vice president changed his name, then quietly went to work for Issa to coordinate his effort to thwart regulations that affect Goldman Sachs’ bottom line.

In July, Issa sent a letter to top government regulators demanding that they back off and provide more justification for new margin requirements for financial firms dealing in derivatives. A standard practice on Capitol Hill is to end a letter to a government agency with contact information for the congressional staffer responsible for working on the issue for the committee. In most cases, the contact staffer is the one who actually writes such letters. With this in mind, it is important to note that the Issa letter ended with contact information for Peter Haller, a staffer hired this year to work for Issa on the Oversight Committee.

Issa’s demand to regulators is exactly what banks have been wishing for. Indeed, Goldman Sachs has spent millions this year trying to slow down the implementation of the new rules. In the letter, Issa explicitly mentions that the new derivative regulations might hurt brokers “such as Goldman Sachs.”

Haller, as he is now known, went by the name Peter Simonyi until three years ago. Simonyi adopted his mother’s maiden name Haller in 2008 just as he was leaving Goldman Sachs as a vice president of the bank’s commodity compliance group. In a few short years, Haller went from being in charge of dealing with regulators for Goldman Sachs to working for Congress in a position where he made official demands from regulators overseeing his old firm.

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Reader Comments (15)

OK, so now Issa is sleeping with the Devil. Please give me a day or two notice when the "Revolution" begins.
Aug 18, 2011 at 5:56 PM | Unregistered CommenterInurface
Next stop on the orange line? capitol hill and federal bureau of aliases and identity alteration...so, our boy Pete morphs from a Hungarian Jew to a Transylvanian dissident in name (to honor his maternal grandpa) by moving south on US 1. Nice...

PS--anybody "facebook" his sister to see if she changed her last name too?
Aug 18, 2011 at 11:37 PM | Unregistered CommenterJosie
Nice find John.

And Josie, who's the sister, I must have missed that reference.
Aug 19, 2011 at 12:31 AM | Registered CommenterDailyBail
Since George H.W.Bush got the deregulation of the American economy, Dracula and his freemasonry band has been at Lady Liberty's jugular and it's a no-host bar unless you are a member of the club. Old Dracula was smart enough to deregulate and as head of the republican party get his ducks in a row to drain Ms. Liberty dry. America has been desensitized to any true sense of danger or loss by TV brain-pithing. These stupid suckers need to wake up because there are not enough people who understand what is going on in reality with this high-velocity trading and the rest. The CFR media has proved itself as traitors to our country and legal process, as has the justice department. Just because I can fool anybody out of their money by deceit, I am entitled to a prison term for fraud. Same with these guys. Where do I latch on?
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