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In 2004, he joined JPMorgan Chase as Midwest chairman, then in 2007 got added duties as head of its Office of Corporate Social Responsibility, its powerful lobbying arm to assure what bank executives want, they get, including industry-friendly financial reform, guaranteeing business as usual, including no limit on bank size or types of risky investments.
The New York Times, in fact, noted that Daley maintained close ties with the White House while at JPMorgan Chase, saying:
"Mr. Daley was never registered as a (Chase) lobbyist, (but) played a role in hiring and was the direct supervisor of Peter L. Scher, another former Clinton administration official, who runs the bank's lobbying shop in Washington. Mr. Daley also served as the bank's chief liaison with the White House, frequently consulting with Valerie Jarrett," Obama's assistant for Intergovernmental Relations and Public Liaison, and Rahm Emanuel whom he replaced.
On January 6, the Center for Public Integrity's Michael Hudson headlined, "Obama's New Chief of Staff Sought to Loosen Post-Enron Corporate Reforms." Calling him "a major Wall Street player," he said he wanted to "protect big accounting firms from investor lawsuits and criminal prosecution" no matter how outrageous their crimes.
His appointment cheered the US Chamber of Commerce, calling him "a man of stature and extraordinary experience in government, business, trade negotiations, and global affairs."
Ira Rheingold, Executive Director of the National Association of Consumer Advocates, disagreed saying:
In the wake of the current economic crisis, "(i)t makes you pause when you see people who worked in the banks that caused the problems - people who lobbied for positions that would have done even greater damage to the economy - being recycled into government."
In March 2007, seven months before economic trouble erupted, Daley argued:
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