So Your Client Wants To Be in Government

In May 2004, Treasury Secretary John Snow became aware that one of his advisors had invested about $10 million of Snow's money in Fannie Mae and Freddie Mac bonds, as well as other government-sponsored housing finance companies, during a period in which Snow had been lobbying Congress to create tougher regulations for these entities. Although the Treasury Department ethics officials determined that

In May 2004, Treasury Secretary John Snow became aware that one of his advisors had invested about $10 million of Snow's money in Fannie Mae and Freddie Mac bonds, as well as other government-sponsored housing finance companies, during a period in which Snow had been lobbying Congress to create tougher regulations for these entities. Although the Treasury Department ethics officials determined that Snow had not violated the federal conflict-of-interest rules, when the news hit the headlines,

All access premium subscription

Your subscription will include 12 months of Trusts & Estates magazine and access to premium content on WealthManagement.com.

TAGS: Archive
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish