Harvey Pitt appears to be the latest financial sector bigwig to take a
specialized post in government, according to Investment News. The chief
executive of Washington consulting firm Kalorama Partners LLC and
former chairman of the Securities and Exchange Commission has been
named deputy attorney general of Alabama.
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Pitt will assist the state's investigation of naked short selling, in
particular reports by Colonial BancGroup Inc. of
Montgomery, Ala., that it has been the victim of short selling fueled by
negative rumors about the company.
Pitt's
helping hand for Alabama follows the decision by Goldman Sachs Group
Inc.'s M&A adviser Ken Wilson to work as a consultant for the U.S.
Treasury Department. Unlike Wilson, however, Pitt won't be giving up
his lucrative private sector post. - Bill McConnell
See story from Investment News
See earlier story about Pitt from Dealscape
See related story about Wilson from Dealscape
