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San Diego Chargers spokesman Mark Fabiani has joined the crisis response team of Wall Street's beleaguered Goldman Sachs, according to Mike Allen of the online Politico.com. Allen says that Fabiani, whom he identifies as "the Master of Disaster," got on the phone with financial reporters recently to give Goldman's side of the story. Goldman is being sued for fraud by the SEC. Also, politicians are enraged that Goldman got 100 cents on the dollar from AIG for derivatives that were worth probably 15 cents. The government bailed out insurer AIG to the tune of $180 billion. Fabiani worked for President Bill Clinton during the Whitewater scandals, although Fabiani missed out on the Monica Lewinsky imbroglio. Fabiani "now helps a number of high-profile publicly graded companies facing legal/government inquiries," writes Allen. "Fab works for Fortune 100 public companies, sports leagues and teams, and high-profile individuals, usually with legal issues -- all from from his villa on the beach in La Jolla, California."

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Comments

SurfPuppy619 April 26, 2010 @ 3:13 p.m.

San Diego Chargers spokesman Mark Fabiani

LOL ..."spokesman"...more like Jr High head cheerleader.

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a2zresource April 26, 2010 @ 3:28 p.m.

One can only imagine that if the "Master of Disaster" has time to plug the dike for Goldman Sachs in anything but a superficial role as celebrity spokesman, then all of the backroom wheeling and dealing as to possible Charger stadium sites must be either set in stone or safely on autopilot, regardless of any possible ballot initiative on stadium site expenditures by public entities.

Some comments I found while searching on economics of city-hopping by NFL teams: http://www.vanderbilt.edu/Econ/faculty/Vrooman/sandiego7.pdf

Also for amusement purposes: http://www.fieldofschemes.com/news/archives/2009/12/3949_nfl_stadiumgrub_1.html

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Don Bauder April 26, 2010 @ 3:49 p.m.

Response to post #1: And just like with the junior high cheerleader, the public eats it up. Best, Don Bauder

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Don Bauder April 26, 2010 @ 4:03 p.m.

Response to post #2: Fabiani signing on with Goldman Sachs does not indicate his job in San Diego is complete. There is no doubt that it is in the bag with the establishment, which loves to spend other people's money. The back room deals may have been consummated. But the public has to vote on this one. Fabiani has more work to do. Best, Don Bauder

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Visduh April 26, 2010 @ 7:43 p.m.

With Fabiani's record, who would pay any attention to him? Everything he's tried to sell was snakeoil of one sort or another. The fact that GS hired him tells me that they are guilty, guilty, guilty.

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Don Bauder April 26, 2010 @ 10:12 p.m.

Response to post #5: I think in his work for the Chargers, Fabiani must go home, get a beer, sit down and just howl uncontrollably that San Diegans seem to believe the hogwash he is spewing. Best, Don Bader

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