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Sometimes, news speaks for itself far better than anything I could add.

THIS isn't official yet, but it's now being widely reported throughout the MSM and online...

Feb. 1 (Bloomberg) -- Goldman Sachs Group Inc. may hire Richard “Jake” Siewert Jr., a former counselor to U.S. Treasury Secretary Timothy F. Geithner, to manage the bank’s communications department, according to three people familiar with the situation.

Siewert, who turns 48 today, is in talks about a role similar to the one held by Lucas van Praag, 62, who has worked at Goldman Sachs for 12 years, said the people, who asked for anonymity because the talks aren’t public and an agreement hasn’t been reached. Siewert worked as a press secretary for President Bill Clinton and managed corporate development and public strategy at Alcoa Inc. before joining Treasury in 2009.

Goldman Sachs, the most profitable securities firm in Wall Street history before converting to a bank in 2008, has been criticized by regulators and politicians for activities leading up to 2008’s financial crisis. Chief Executive Officer Lloyd C. Blankfein, 57, settled a Securities and Exchange Commission lawsuit against the firm in 2010, reviewed the company’s business standards and rolled out an advertising campaign.

Hiring Siewert may help bolster Goldman Sachs’s links with the Democratic Party in the U.S., which controls the Senate and the White House under President Barack Obama...

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