Roylat.com

After fulminating yesterday about the influence of the investment banks in the Obama Administration, I came across the following item in Der Spiegel:

Berlin Gives Green Light to Obama’s Ambassador Pick 

It took some time, but now it’s official. Former Goldman Sachs banker Phil Murphy is expected to become the next US ambassador to Berlin.

Investment banking would seem a strange preparation for being ambassador to Germany, unless the object is to make German policies more helpful to American investment banks. More likely, though, has been traditional in American politics, ambassadorships reward those who have given generously to the party. The more I see of “Change”, the more it seems the same.