Congress to Probe Former-Goldman, Former-Treasury,Former -Wachovia Executive Steel?

Is Robert Steel feeling any heat? Perhaps, sez The Financial Times in "Call for Probe Into Ex-Goldman Executives."

Chuck Grassley, the most senior Republican on the Senate finance committee, asked Eric Thorson, inspector-general of the Treasury, to investigate the "independence" of several Treasury officials who formerly worked at Goldman Sachs and serve as advisers to Treasury secretary Hank Paulson, the former chief executive of the Wall Street bank. (snip)

Mr Grassley singled out Robert Steel, a former Goldman official who worked under Mr Paulson at the Treasury before he became chief executive of Wachovia. (my emphasis, snip)

Mr Grassley is specifically concerned with a change in the tax code the Treasury initiated in late September that saved some institutions tens of billions of dollars and paved the way for Wells Fargo's acquisition of Wachovia.

See my 9/30 post, "Robert Steel: Iron Man or 'Irony Man'"