Cross Posted atLegal Schnauzer
Richard Parsons,now chairman of Citigroup, is the man Karl Rove and other Bushies should thank for the free pass they have received, according to a new report from D.C.-based investigative journalist Wayne Madsen:
According to top Democratic Party sources, some with long years of political experience at the national level and in the highest levels of government, there is one adviser to President Obama who has his ear even more than chief of staff Rahm Emanuel. That man is Richard Parsons, a graduate of the University of Hawaii and the chairman of Citigroup. Until 2007, Parsons also served as chief executive officer of media giant Time Warner.- Advertisement -
Parsons has strong ties to Republicans. He also has some serious personal baggage.The New York Daily Newsreported last year that Parsons, the married father of three,had fathered a childout of wedlock with a model-philanthropist named MacDella Cooper.
All of that, however, has not kept Parsons fromhaving major influence with Obama. Reports Madsen:
In 1991, Nelson Rockefeller's brother, Laurance Rockefeller, recommended that Parsons be appointed to the board of Time Warner. In 2001, Parsons became chief executive officer of AOL Time Warner, after the merger with the Internet firm.- Advertisement -
Parsons served as co-chair of President George W. Bush's commission on Social Security reform. He also works closely with David Rockefeller and New York Mayor Michael Bloomberg. Parsons also served on an economic advisory team under President Obama.