A Story Constructed for the Campaign

Posted on September 28, 2010


From 1995 to 1998, Ilario Pantano worked for Goldman Sachs, the Wall Street firm that took billions in bailout money from the government at the start of the recession.

When interviewed by The New Yorker in 2005 as to why he quit, Pantano said, “I thought Goldman would emulate the Marines’ sense of camaraderie.  But you know, it’s a business…These [Goldman] people are my friends, they mean something to me, but they’d probably try to take my job in a minute.”

It’s interesting how the “Why I Quit” story has changed since Pantano decided to run for Congress.

On his campaign website, Pantano claims in 1998 he “made a decision to reject the greed mentality that he found morally repugnant… ‘I could not abide by the damage that was being done to human lives by reckless speculators like Enron.'”

FACT CHECK!

Enron? Sorry, Ilario, but that story has a huge hole in it.  Not only is it different than the “having to look over your back” reason you gave for leaving Wall Street in 2005, but the Enron implosion didn’t happen until 2001, three years after you left Goldman Sachs. So what’s the reason for the constructed story?

Is there something you’re trying to hide? Is that why you also edited out the fact that you worked for Goldman Sachs in your campaign commercial when interviewed by Ann Curry? Ilario, if you’re asking the voters of the 7th District to support you, why the lack of transparency about your Wall Street background and why the lies on your website?

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