U.S. Treasury Met Goldman Sachs on Fannie, Freddie in November
U.S. Treasury Department officials met in November with a group of Goldman Sachs Group Inc. executives to discuss Fannie Mae and Freddie Mac, the two government-sponsored enterprises that have been under government control since 2008.
Mary Miller, the Treasury’s assistant secretary for financial markets, met with John Rogers, Harvey Schwartz, Steve Strongin and six other Goldman Sachs executives on Nov. 17, according to calendars released today of the Treasury’s meetings related to the Dodd-Frank law. The executives also met with Miller and Michael Barr, the former assistant secretary for financial institutions, on Nov. 18 to discuss the Volcker rule, which restricts proprietary trading.
The calendars don’t say where the meetings took place. They include information for Treasury officials with the rank of deputy assistant secretary or higher in the month of November. Meetings from future months will be released on the Treasury’s website on a regular basis.
Today’s release lists the participants in a previously announced Singapore meeting between Treasury Secretary Timothy F. Geithner and U.S. and Asian financial industry executives. That meeting, on Nov. 10, included David Ryan of Goldman Sachs, Citigroup Inc.’s Michael Zink, JPMorgan Chase & Co.’s Philip Lee, Piyush Gupta of DBS Group Holdings Ltd. and David Conner of Overseas-Chinese Banking Corporation Ltd., according to the Treasury information.
The Dodd-Frank law, enacted in July, establishes a Treasury-led council of regulators to guard against risk across the financial system. It also includes a wide range of other provisions, such as a consumer protection bureau at the Federal Reserve and central bank oversight over all financial companies whose collapse could threaten global markets.
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