Ohio Gov. John Kasich loves talking about his record in office, his knack for balancing the budget and his controversial decision to back Medicaid expansion.
But there’s one part of his resume he’s less inclined to discuss: the years he spent as a senior executive at Lehman Brothers.
Kasich joined Lehman’s investment banking division as managing director in 2001, working there until the firm’s collapse in September 2008 unleashed global panic and served as the catalyst for the financial crisis.
Lehman Brothers was arguably the most deeply vilified Wall Street firm during the 2008 meltdown and Kasich was a senior executive.
“Kasich’s close ties to Wall Street should raise concerns for everyone who suffered due to the collapse of our financial system caused by those very same banks,” said Craig Holman of the advocacy group Public Citizen. “This is not a responsible businessman, and strongly suggests he would not be a responsible president.”
Former President Bill Clinton accepted more than $2.5 million in speaking fees from 13 major corporations and trade associations that lobbied the U.S. State Department while Hillary Clinton was secretary of state, an International Business Times investigation has found. The fees were paid directly to the former president, and not directed to his philanthropic foundation.
Many of the companies that paid Bill Clinton for these speeches – a roster of global giants that includes Microsoft, Oracle and Dell – engaged him within the same three-month period in which they were also lobbying the State Department in pursuit of their policy aims, federal disclosure documents show. Several companies received millions of dollars in State Department contracts while Hillary Clinton led the institution.