Entry Into Wall Street Leads the Way to Money and power
Entry into Wall Street leads the way not only to money but also to power despite apparent odds. John Kasich took a comfortable job in Wall Street in 2001 January after having gained experience in holding public offices. His aim was to make money and pack his family with comforts. He was doing nothing new – this was the route politicians have always taken without fail.
He ran seven times in the Congress as a Republican before ultimately facing the fact that the president's seat was not for him. So he signed up with Lehman Brothers as an investment banker. At that time Lehman's curve was moving upward prior to the collapse in 2008 September. Today Kasich is keen on becoming Ohio's governor. But the present incumbent and his opponent, Governor Ted Strickland is underlining his Wall Street connections with glee hoping that the very fact of having worked for a collapsed firm would be sufficient to make him ineligible for this high post.
Meanwhile Kasich is pretending that the past never took place. On his website there is no mention of Lehman; it is as if Kasich is one with Strickland that the job at Lehman was a thing to be ashamed of. Kasich cannot be questioned about the Lehman episode either because messages sent to him via e-mail remains unanswered and no telephone number can be located to him. His GOP friends say they are not authorized to give any number but will be happy to send him the message.
There are two questions Kasich should answer. If he is not ashamed of making use of his Wall Street connections then why is he hiding his head below the sand like an ostrich? On the other hand if he is ashamed then what is the cause for it? What is wrong with Wall Street? As an insider he should have the reply.
Kasich had not ventured into unchartered seas – he had gone along the "well-trodden path between Washington politics and New York high finance" (New York Times). Two recent secretaries of the Treasury were previously from Goldman Sachs – Bob Rubin and Hank Paulson. John Edwards explained while juggling campaigns and dabbling in hedge funds that he wanted to be able to help the poor in a better way from Wall Street!
Finally Kasich was pressurized to release the figures of his 2008 tax return. It indicated that in that year he had earned about $600,000from Lehman – it being the worst year for Lehman. Kasich explained "I didn't run Lehman Brothers. I was one of the 700 managing directors".
He ran seven times in the Congress as a Republican before ultimately facing the fact that the president's seat was not for him. So he signed up with Lehman Brothers as an investment banker. At that time Lehman's curve was moving upward prior to the collapse in 2008 September. Today Kasich is keen on becoming Ohio's governor. But the present incumbent and his opponent, Governor Ted Strickland is underlining his Wall Street connections with glee hoping that the very fact of having worked for a collapsed firm would be sufficient to make him ineligible for this high post.
Meanwhile Kasich is pretending that the past never took place. On his website there is no mention of Lehman; it is as if Kasich is one with Strickland that the job at Lehman was a thing to be ashamed of. Kasich cannot be questioned about the Lehman episode either because messages sent to him via e-mail remains unanswered and no telephone number can be located to him. His GOP friends say they are not authorized to give any number but will be happy to send him the message.
There are two questions Kasich should answer. If he is not ashamed of making use of his Wall Street connections then why is he hiding his head below the sand like an ostrich? On the other hand if he is ashamed then what is the cause for it? What is wrong with Wall Street? As an insider he should have the reply.
Kasich had not ventured into unchartered seas – he had gone along the "well-trodden path between Washington politics and New York high finance" (New York Times). Two recent secretaries of the Treasury were previously from Goldman Sachs – Bob Rubin and Hank Paulson. John Edwards explained while juggling campaigns and dabbling in hedge funds that he wanted to be able to help the poor in a better way from Wall Street!
Finally Kasich was pressurized to release the figures of his 2008 tax return. It indicated that in that year he had earned about $600,000from Lehman – it being the worst year for Lehman. Kasich explained "I didn't run Lehman Brothers. I was one of the 700 managing directors".