Lawmakers approve Gov. Lamont’s contentious pick for economic chief

Lawmakers at the state Capitol have approved Wednesday Gov. Lamont's controversial pick to head economic development.

News 12 Staff

Mar 27, 2019, 6:57 PM

Updated 1,945 days ago

Share:

Lawmakers approve Gov. Lamont’s contentious pick for economic chief
Lawmakers at the state Capitol have approved Gov. Lamont's controversial pick to head economic development.
David Lehman brings years of Wall Street experience to the job, but some state senators were concerned about his connections to the 2008 housing collapse.
Lehman, of Greenwich, was part of the Goldman Sachs team that shorted the housing market in 2008. Goldman made nearly $13 billion from AIG, a company that cost taxpayers $182 billion in bailouts.
In spite of initial concerns, the state Senate overwhelmingly approved Lehman, who insists he did not see the housing crisis coming. Gov. Lamont and Lehman both lobbied hard behind the scenes in an effort to secure the approval.
"He'll be an extraordinary leader to help bring jobs back to the state of Connecticut. A young guy, he's devoting his life to this," says Gov. Lamont.


More from News 12
2:05
 Overdose deaths in Connecticut spark effort to prevent addicts from relapsing, potentially dying

Overdose deaths in Connecticut spark effort to prevent addicts from relapsing, potentially dying

2:17
Mostly cloudy and humid in Connecticut, scattered showers on Wednesday

Mostly cloudy and humid in Connecticut, scattered showers on Wednesday

1:48
'This day is really special.' JFS Greenwich holds back-to-school event for refugee youth

'This day is really special.' JFS Greenwich holds back-to-school event for refugee youth

0:33
Newtown Action Alliance, other gun safety groups endorse Kamala Harris for president

Newtown Action Alliance, other gun safety groups endorse Kamala Harris for president

0:49
Kids Online Safety Act, led by Sen. Blumenthal and other national leaders, moves forward to Congress

Kids Online Safety Act, led by Sen. Blumenthal and other national leaders, moves forward to Congress

1:29
Nonprofit awarded $2M state grant to address menstrual equity

Nonprofit awarded $2M state grant to address menstrual equity

2:00
‘People don’t know Connecticut.’ Lamont hopes trade mission to Germany attracts new jobs

‘People don’t know Connecticut.’ Lamont hopes trade mission to Germany attracts new jobs

1:44
Fairfield University professor calls presidential race too close to call with Harris in the mix

Fairfield University professor calls presidential race too close to call with Harris in the mix

2:19
Westport police warn people to lock their cars, homes after 3 suspects tried to break into several cars

Westport police warn people to lock their cars, homes after 3 suspects tried to break into several cars

0:13
Bridgeport to offer free vaccines to children

Bridgeport to offer free vaccines to children

0:27
Local athletes set to shine at the 2024 Paris Olympics

Local athletes set to shine at the 2024 Paris Olympics

0:42
News 12’s Frank Recchia receives MLK Award for Excellence in Community Service

News 12’s Frank Recchia receives MLK Award for Excellence in Community Service

0:42
Teen Talk Summit brings mental health experts to Darien

Teen Talk Summit brings mental health experts to Darien

0:39
Connecticut schools rank second best in nation, according to WalletHub

Connecticut schools rank second best in nation, according to WalletHub

2:39
Made in Connecticut: Sheffield Island Lighthouse stands as a beacon of Connecticut history

Made in Connecticut: Sheffield Island Lighthouse stands as a beacon of Connecticut history

1:57
Community reacts to VP Harris getting Biden's endorsement for president

Community reacts to VP Harris getting Biden's endorsement for president

AP survey: Harris has enough delegate support to become the Democratic Party nominee

AP survey: Harris has enough delegate support to become the Democratic Party nominee

1:37
Family says 21-year-old Shelton man clings to life following motorcycle crash

Family says 21-year-old Shelton man clings to life following motorcycle crash

2:07
CT Democratic delegates back Harris

CT Democratic delegates back Harris

1:41
Fairfield Warde HS student creates roadside food pantry

Fairfield Warde HS student creates roadside food pantry