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:

Commentary November 17, 2015, 6:41 pm

Shaky Foundations

The Clintons’ so-called charitable enterprise has served as a vehicle to launder money and to enrich family friends.

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

Get access to 165 years of
Harper’s for only $45.99

United States Canada

CATEGORIES

THE CURRENT ISSUE

April 2017

Behind the Fig Leaf

= Subscribers only.
Sign in here.
Subscribe here.

You Can Run …

= Subscribers only.
Sign in here.
Subscribe here.

Never Would I Ever

= Subscribers only.
Sign in here.
Subscribe here.

The March on Everywhere

= Subscribers only.
Sign in here.
Subscribe here.

Defender of the Community

= Subscribers only.
Sign in here.
Subscribe here.

Echt Deutsch

= Subscribers only.
Sign in here.
Subscribe here.

view Table Content

FEATURED ON HARPERS.ORG

Article
The March on Everywhere·

= Subscribers only.
Sign in here.
Subscribe here.

Photograph (detail) © Nima Taradji/Polaris
Post
The Forty-Fifth President·

= Subscribers only.
Sign in here.
Subscribe here.

Photograph (detail) by Philip Montgomery
Article
Defender of the Community·

= Subscribers only.
Sign in here.
Subscribe here.

Illustration (detail) by Katherine Streeter
Article
The Boy Without a Country·

= Subscribers only.
Sign in here.
Subscribe here.

Illustration (detail) by Shonagh Rae
Article
Asphalt Gardens·

= Subscribers only.
Sign in here.
Subscribe here.

In a city that is rapidly pricing out the poor, NYCHA’s housing projects are a last bastion of affordable shelter, with an average monthly rent of $509
Photograph (detail) © Samuel James

Number of mine-detecting monkeys erroneously reported to have been given to the United States by Morocco in March:

2,000

The Pacific trade winds are weakening as a result of global warming.

In the United States, legislation to repeal the Affordable Care Act was advanced by the House Ways and Means Committee after 18 hours of deliberation, during which time the Republican members of Congress passed around candy.

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

HARPER’S FINEST

Who Goes Nazi?

= Subscribers only.
Sign in here.
Subscribe here.

By

"It is an interesting and somewhat macabre parlor game to play at a large gathering of one’s acquaintances: to speculate who in a showdown would go Nazi. By now, I think I know. I have gone through the experience many times—in Germany, in Austria, and in France. I have come to know the types: the born Nazis, the Nazis whom democracy itself has created, the certain-to-be fellow-travelers. And I also know those who never, under any conceivable circumstances, would become Nazis."

Subscribe Today