Peter G Peterson is a former chairmant of Blackstone Group LP, which in 3Q 2011 lobbied around the implementation of the Dodd/Frank Wall Street Reform Act, the Consumer Protection Act, FDIC financial institution regulations and tax reform. This may present a conflict of interest with his current membership in the Committee for a Responsible Federal Budget.
Peter G Peterson "The son of Greek immigrants who ran a coffee shop in Kearney, Neb., Mr. Peterson has clearly become a card-carrying member of the establishment, as he often calls it. The former chief executive of Bell & Howell Corp. and the old Lehman Brothers Kuhn Loeb Inc. is now chairman of the Council on Foreign Relations, having been recommended by his friend David Rockefeller. He plays tennis with ABC anchor Peter Jennings and with Warren H. Phillips, chairman of Dow Jones & Co., which publishes this newspaper. He shares his helicopter with "60 Minutes" producer Don Hewitt and knows "Prime Time Live" anchor Diane Sawyer from their days in the Nixon administration."
- WSJ, 1990
Social Security Looters: Ann M Fudge, one of Obama's appointees to the Debt Commission, is on the board of the Council on Foreign Relations, which is currently co-chaired by Rubin and previously by Peterson