The Times reports on the controversy surrounding former White House Counsel’s Gregory Craig’s engagement with Goldman Sachs.

The White House seemed sensitive to the revolving-door quality of a top Obama adviser now representing a financial giant that has been accused of wrongdoing, especially at a moment when the president is lobbying for legislation to tighten regulation of Wall Street firms.

Asked about Mr. Craig’s new job, [White House spokesman] Mr. Burton recited the president’s ethics policy banning former White House officials from lobbying for two years after leaving office. “I assume that people who leave the administration know those rules and are following those rules,” Mr. Burton said.