Washington Babylon — November 13, 2008, 12:36 pm

Familiar Faces Come on Board: Fannie Mae veteran on State Department transition team

The Washington Post reports that the “Obama transition team yesterday rolled out a new list of officials who will help guide the process, singling out the Treasury, Defense and State departments as its first three areas of focus.”

At the helm of the Treasury Department transition team are Josh Gotbaum, an adviser to investment funds who held various Senate-confirmed positions during the Clinton administration, and Michael Warren, chief operating officer of Stonebridge International LLC.

Heading the State team are two veterans of the Democratic foreign policy establishment, both intimately familiar with the people and machinery at Foggy Bottom. Both Thomas E. Donilon, a partner at O’Melveny & Myers, and Wendy R. Sherman, a business partner of former secretary of state Madeleine Albright, had senior positions in the Clinton-era State Department.

A few other items about Sherman. “From April 1996 until July 1997, she was President and CEO of the Fannie Mae Foundation and a member of the operating committee of Fannie Mae,” says her bio. “At the Foundation, she set in place the groundwork for the newly recreated foundation developed to promote home ownership.” At the Albright Group, she was a door opener for American companies looking to do business abroad. “She leverages her experience as a senior-level diplomat and her expertise in foreign relations to help clients – including businesses and nongovernmental organizations – locate partnership opportunities, gain competitive advantage in the marketplace, and resolve regulatory and political disputes throughout the world,” her bio there said.

Stonebridge International, where Warren is COO, has the same business model. I’ve written about Stonebridge, in an article discussed here.

These are standard members of the permanent government. They work for the government, revolve out to the private sector when their party loses office, and revolve back in when their side wins again. Business consultancies like Albright’s and Stonebridge are pretty much indistinguishable from similar companies run by Republican foreign policy gurus (such as Al Haig and Brent Scowcroft). The people who operate them aren’t technically lobbyists, but they end up being strong advocates for the countries where they do business.

Share
Single Page

More from Ken Silverstein:

From the November 2013 issue

Dirty South

The foul legacy of Louisiana oil

Perspective October 23, 2013, 8:00 am

On Brining and Dining

How pro-oil Louisiana politicians have shaped American environmental policy

Postcard October 16, 2013, 8:00 am

The Most Cajun Place on Earth

A trip to one of the properties at issue in Louisiana’s oil-pollution lawsuits 

Get access to 164 years of
Harper’s for only $39.99

United States Canada

CATEGORIES

THE CURRENT ISSUE

February 2015

The War of the World

= Subscribers only.
Sign in here.
Subscribe here.

The Sharp Edge of Life

= Subscribers only.
Sign in here.
Subscribe here.

The Great Republican Land Heist

= Subscribers only.
Sign in here.
Subscribe here.

Captive Market

= Subscribers only.
Sign in here.
Subscribe here.

The Day of the Sea

= Subscribers only.
Sign in here.
Subscribe here.

view Table Content

FEATURED ON HARPERS.ORG

Article
The Great Republican Land Heist·

= Subscribers only.
Sign in here.
Subscribe here.

“The wholesale transfer of public lands to state control may never be achieved. But the goal might be more subtle: to attack the value of public lands.”
Photograph by Chad Ress
Article
The Sharp Edge of Life·

= Subscribers only.
Sign in here.
Subscribe here.

“The struggle of the novelist has been to establish a measure, a view of human nature, and usually, though not always, as large a view as belief and imagination can wring from observable facts.”
Photo by Eddie Adams/Associated Press
Article
Captive Market·

= Subscribers only.
Sign in here.
Subscribe here.

"Fear of random violence lives on, but the reality is that violent-crime rates have dropped to levels not seen since the early Seventies."
Photograph by Richard Ross
Article
The Day of the Sea·

= Subscribers only.
Sign in here.
Subscribe here.

“Fifteen judges will then sit together in a wood-paneled room, in a city thousands of miles from the Andes, and decide whether the ocean Bolivia claims as its right will at last be returned to it.”
Photo by Fabio Cuttica/Contrasto/Redux
Post
Introducing the February Issue·

= Subscribers only.
Sign in here.
Subscribe here.

The Ruin of the West
Christopher Ketcham investigates Cliven Bundy’s years-long battle with the BLM, Annie Murphy reflects on Bolivia’s lost coast, and more
Painting by Richard Prince, whose work was on view in October at Gagosian Gallery in New York City © The artist. Courtesy Gagosian Gallery

Percentage increase in the annual number of polio cases in Pakistan since 2005:

857

A bowl of 4,000-year-old noodles was found in northwestern China; and a spokesman for the Chinese Academy of Sciences said that “this is the earliest empirical evidence of noodles ever found.”

A federal judge sentenced the journalist Barrett Brown to 63 months in prison for sharing a link to information stolen from the private-intelligence firm Stratfor by a hacker in 2011. “Good news!” Brown said in a statement. “They’re now going to send me to investigate the prison-industrial complex.”

Subscribe to the Weekly Review newsletter. Don’t worry, we won’t sell your email address!

HARPER’S FINEST

In Praise of Idleness

By

I hope that after reading the following pages the leaders of the Y. M. C. A. will start a campaign to induce good young men to do nothing. If so, I shall not have lived in vain.

Subscribe Today