Comey's Wall Street Links Loom Over Nomination

Friday, 31 May 2013 02:44 PM

By John Gizzi

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Although the White House has yet to make it official, all signs are that the President’s choice to be the new FBI director will be James Comey, who was U.S. Attorney for the Southern District of New York and later deputy attorney general under George W. Bush.

While the early response to Comey’s pending appointment has been positive from Republicans and Democrats —who admire his opposition to warrantless wiretaps in the Bush Administration — there are also signs that he will face some serious questions about his past ties to Wall Street.

After leaving government, Comey was general counsel to the Bridgewater Associates hedge fund for nearly three years.

Republican Sen. Chuck Grassley of Iowa, the ranking Republican on the Senate Judiciary Committee that will hold hearings on Comey, emailed colleagues that the nominee-in-waiting "would have to answer questions about his recent work in the hedge fund industry."

Grassley explained that, if Comey were to become FBI director, "his agency would have to help build the case against some of his colleagues in this lucrative industry."

John Gizzi is chief political correspondent and White House correspondent for Newsmax
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