Goldman exec named first COO of SEC enforcement

POSTED BY: SignyM
UPDATED: Saturday, October 17, 2009 13:45
VIEWED: 1295
PAGE 1 of 1

SIGNYM

Friday, October 16, 2009 7:18 PM

Quote:
WASHINGTON – A Goldman Sachs executive has been named the first chief operating officer of the Securities and Exchange Commission's enforcement division. The market watchdog agency said Friday that Adam Storch, vice president in Goldman Sachs' Business Intelligence Group, is assuming the new position of managing executive of the SEC division.

GAAAK! Whose brainchild was that???

RUE

Friday, October 16, 2009 7:34 PM

Obama's.

***************************************************************

Silence is consent.

KWICKO

Friday, October 16, 2009 11:07 PM

There's something about wolves and henhouses swirling around my brain right now...

FREMDFIRMA

Saturday, October 17, 2009 12:41 AM

Piiitchforks, git yer piitchforks!..

MANGOLO

Saturday, October 17, 2009 8:20 AM

Isn't this a case of letting the fox mind the hen house?

http://www.facebook.com/group.php?gid=86085840444

KWICKO

Saturday, October 17, 2009 11:51 AM

Quote:
Originally posted by Mangolo:
Isn't this a case of letting the fox mind the hen house?

I was thinking wolves instead of foxes, because wolves are bigger and more powerful, as well as more ravenous - which pretty much describes Wall Street. :)

Mike

Let the wild rumpus start!

GEEZER

Saturday, October 17, 2009 1:45 PM

Actually, it seems a pretty good fit. Storch was VP of Goldman's business intelligence unit, which reviews contracts and transactions for fraud, so he knows what to look for. To reach that level at 29, he must be pretty sharp. Anyway, finding people knowledgable about the ins and outs of the market who haven't worked in it is pretty much impossible. So maybe instead of 'fox in the henhouse' it's 'set a thief...'.

"Keep the Shiny side up"