Janine Wedel - Unaccountable - How Elite Power Brokers Corrupt Our Finances, Freedom, and Security

65. Tom Vanden Brook and Ken Dilanian, “Gates orders overhaul of Pentagon mentor program.” USA Today, April 2, 2010 (http://usatoday30.usatoday.com/news/military/2010-04-01-mentors_N.htm)

66. Office of the Inspector General, United States Department of Defense, “DoD Complied with Policies on Converting Senior Mentors to Highly Qualified Experts, but Few Senior Mentors Converted.” Report No: DODIG-2012-009, October 31, 2011 (http://www.dodig.mil/audit/reports/fy12/audit/dodig-2012-009.pdf).

67. Tom Vanden Brook, “Pentagon use of retired officers as ‘mentors’ plummets.” USA Today , November 7, 2011 (http://usatoday30.usatoday.com/news/washington/story/2011-11-07/pentagon-uses-fewer-retired-generals-advisers-as-mentors/51116058/1).

68. E-mail from USA Today ’s Tom Vanden Brook, May 19, 2014, and telephone conversation of May 20, 2014.

69. Retired Lieutenant General Joseph L. Yakovac said this Bryan Bender, “From the Pentagon to the Private Sector.” (http://www.boston.com/news/nation/washington/articles/2010/12/26/defense_firms_lure_retired_generals).

70. Conversation with Col. Gressang of April 3, 2014, and e-mail of May 19, 2014.

71. Bryan Bender, “From the Pentagon to the Private Sector.” Boston Globe , December 26, 2010 (http://www.boston.com/news/nation/washington/articles/2010/12/26/defense_firms_lure_retired_generals).

72. Jeff Horwitz and Maria Aspan, “How Promontory Financial Became Banking’s Shadow Regulator.” American Banker, March 15, 2013 (http://www.americanbanker.com/magazine/123_4/how-promontory-financial-became-banking-s-shadow-regulator-1057480-1.html).

73. For Promontory’s offices and locations, see its website (http://www.promontory.com/default.aspx). Danielle Douglas, “The rise of Promontory.” Washington Post, August 2, 2013 (http://www.washingtonpost.com/business/economy/the-rise-of-promontory/2013/08/02/c187a112-f32b-11e2-bdae-0d1f78989e8a_story.html); Jesse Hamilton, “Promontory Financial Hires Top Official from U.S. Banking Agency.” Bloomberg, September 11, 2013 (http://www.bloomberg.com/news/2013-09-11/promontory-financial-hires-top-official-from-u-s-banking-agency.html).

74. Ben Protess and Jessica Silver-Greenberg, “Former Regulators Find a Home with a Powerful Firm.” DealbB%K , New York Times, April 9, 2013 (http://dealbook.nytimes.com/2013/04/09/for-former-regulators-a-home-on-wall-street/); and Jesse Hamilton, “Promontory Financial Hires Top Official from U.S. Banking Agency.” Bloomberg, September 11, 2013 (http://www.bloomberg.com/news/2013-09-11/promontory-financial-hires-top-official-from-u-s-bankingagency.html)

75. Promontory Financial Group’s website (http://www.promontory.com/Firm/Firm_Leadership/).

76. Massimo Calabresi, “Promontory’s Role in the Dodd-Frank Game.” Time, September 16, 2013 (http://swampland.time.com/2013/09/16/one-firms-role-in-the-dodd-frank-game/).

77. Robyn Meredith, “Beware of derivatives, Ludwig warns thrift executives.” American Banker, October 1994, vol. 159, issue 202, p. 2 (http://connection.ebscohost.com/c/articles/9411072367/beware-derivatives-ludwig-warns-thrift-executives).

78. Promontory Financial Group’s website (http://www.promontory.com/).

79. Danielle Douglas, “The rise of Promontory.” Washington Post, August 2, 2013 (http://www.washingtonpost.com/business/economy/the-rise-of-promontory/2013/08/02/c187a112-f32b-11e2-bdae-0d1f78989e8a_story.html).

80. The Volcker Rule holds that banks should be barred from investing depositors’ dollars for institutional profit.

81. Massimo Calabresi, “Promontory’s Role in the Dodd-Frank Game.” Time, September 16, 2013 (http://swampland.time.com/2013/09/16/one-firms-role-in-the-dodd-frank-game/).

82. Jesse Eisinger, “A Revolving Door in Washington with Spin, but Less Visibility.” DealB%k, New York Times, February 20, 2013 (http://dealbook.nytimes.com/2013/02/20/a-revolving-door-in-washington-that-gets-less-notice/?_php=true&_type=blogs&_r=0).

83. The nonprofit referenced is the Sunlight Foundation.

Source: Ben Protess and Jessica Silver-Greenberg, “Former Regulators Find a Home with a Powerful Firm.” DealbB%K , New York Times, April 9, 2013 (http://dealbook.nytimes.com/2013/04/09/for-former-regulators-a-home-on-wall-street/).

84. Jeff Horwitz and Maria Aspan, “How Promontory Financial Became Banking’s Shadow Regulator.” American Banker, March 15, 2013 (http://www.americanbanker.com/magazine/123_4/how-promontory-financial-became-banking-s-shadow-regulator-1057480-1.html).

85. Ibid.

86. Ibid., p. 168.

87. Ibid., p. 169.

88. MF Global, Inc., “2011 CFTC Order Review.” Presentation to the Audit and Risk Committee of the Board of Directors, Promontory Financial Group, May 12, 2011 (http://av.r.ftdata.co.uk/files/2012/03/12-00047.pdf).

89. Ben Hallman and Eleazar David Melendez, “Foreclosure Review Insiders Portray Massive Failure, Doomed from the Start.” Huffington Post , January 14, 2013 (http://www.huffingtonpost.com/2013/01/14/foreclosure-review-failure-start_n_2468988.html).

90. Paul Kiel, “Is BofA’s Foreclosure Review Really Independent? You Be the Judge.” ProPublica , October 11, 2012 (http://www.propublica.org/article/is-bofas-foreclosure-review-really-independent-you-be-the-judge).

91. ProPublica gave some of the documents supporting its conclusions to Senator Robert Menendez, who was heading an oversight hearing. Menendez responded to ProPublica thusly:

Congress was led to believe that the consultants would be analyzing homeowner foreclosures completely independently of the Wall Street banks, but these memos raise serious questions as to whether that’s true. If banks are trying to skew the results in their favor, regulators should stop that immediately.

92. Ben Hallman and Eleazar David Melendez, “Foreclosure Review Insiders Portray Massive Failure, Doomed from the Start.” Huffington Post , January 14, 2013 (http://www.huffingtonpost.com/2013/01/14/foreclosure-review-failure-start_n_2468988.html).

93. Board of Governors of the Federal Reserve System and Office of the Comptroller of the Currency, “Amendments to Consent Orders Memorialize $9.3 Billion Foreclosure Agreement.” Press release, Board of Governors of the Federal Reserve System, February 28, 2013 (http://www.federalreserve.gov/newsevents/press/enforcement/20130228a.htm).

94. “Full transcript of the 4/11/13 Senate Independent Foreclosure Review hearing.” Corrente Wire, April 15, 2013 (http://www.correntewire.com/full_transcript_of_41113_senate_independent_foreclosure_review_hearing).

95. Ibid.

96. Danielle Douglas, “The rise of Promontory.” Washington Post, August 2, 2013 (http://www.washingtonpost.com/business/economy/the-rise-of-promontory/2013/08/02/c187a112-f32b-11e2-bdae-0d1f78989e8a_story.html).

97. Lisa Myers and Rich Gardella, “Foreclosure compensation checks arrive, but anger some homeowners.” NBC News, May 2, 2013 (http://investigations.nbcnews.com/_news/2013/05/02/18022071-foreclosure-compensation-checks-arrive-but-anger-some-homeowners?lite).

98. Ben Hallman and Eleazar David Melendez, “Foreclosure Review Insiders Portray Massive Failure, Doomed from the Start.” Huffington Post , January 14, 2013 (http://www.huffingtonpost.com/2013/01/14/foreclosure-review-failure-start_n_2468988.html?).

99. See documents posted on the New York Times website in 2010 (http://documents.nytimes.com/documents-on-marketing-cheese#annotation/a0).

100. Michael Moss, “While Warning About Fat, U.S. Pushes Cheese Sales.” New York Times, November 6, 2010 (http://www.nytimes.com/2010/11/07/us/07fat.html?scp=1&sq=dominos&st=cse&_r=1&).