Ed Rendell is a co-chairman of Fix the Debt.[2] In media appearances, he is only introduced as the former Democratic governor of Pennsylvania (2003-2011), yet he has extensive corporate and financial ties.
UNDISCLOSED CONFLICT OF INTEREST: Rendell lobbied for KCI USA, a wound care technology company, on Medicare and Medicaid reimbursements in 2012.[39] Rendell is special counsel to the law firm Ballard Spahr[40] -- which has been criticized as a union-busting law firm.[41] -- where he focuses on privatization and housing, with an emphasis on infrastructure.[42] Rendell is also a senior adviser at Greenhill & Co., a multinational investment bank. Ninety percent of Greenhill's revenue comes from advisory assignments,[43] including to public officials. Rendell is a strong proponent of "public private partnerships" (PPPs) in infrastructure, which have been criticized as a dubious form of privatization of public assets.[44] Rendell is also on the advisory board of Verdeva, a firm developing technology to track motorists at the gas pump so they can be taxed for infrastructure revenue, an industry-favored measure for developing the income streams they need to finance infrastructure deals.[45] He has also joined the venture capital firm Element Partners as an operating partner.[46] Element Partners recently invested in oil and gas extraction (fracking) from the Marcellus formation.[47]
It brought to mind Skip Into's OP that I read earlier this evening:
http://www.democraticunderground.com/10022632846
http://www.presidency.ucsb.edu/ws/?pid=23625
Executive Order 12803 - Infrastructure Privatization
April 30, 1992
Section 1. Definitions. For purposes of this order: (a) "Privatization" means the disposition or transfer of an infrastructure asset, such as by sale or by long-term lease, from a State or local government to a private party.
(b) "Infrastructure asset" means any asset financed in whole or in part by the Federal Government and needed for the functioning of the economy. Examples of such assets include, but are not limited to: roads, tunnels, bridges, electricity supply facilities, mass transit, rail transportation, airports, ports. waterways, water supply facilities, recycling and wastewater treatment facilities, solid waste disposal facilities, housing, schools, prisons, and hospitals.
(c) "Originally authorized purposes" means the general objectives of the original grant program; however, the term is not intended to include every condition requires for a grantee to have obtained the original grant.
(d) "Transfer price" means: (i) the amount paid or to be paid by a private party for an infrastructure asset, if the asset is transferred as a result of a competitive bidding; of (ii) the appraised value of an infrastructure asset, as determined by the head of the executive department or agency and the Director of the Office of Management and Budget, if the asset is not transferred as a result of competitive bidding.
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Sec. 3. Privatization Initiative. To the extent permitted by law, the head of each executive department and agency shall
undertake the following actions: (a) Review those procedures affecting the management and disposition of federally financed infrastructure assets owned by State and local governments and modify those procedures to encourage appropriate privatization of such assets consistent with this order;
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