Pentagon taps Wall Street bankers to lead $200B Economic Defense Unit
The Pentagon is creating a 30-person 'Economic Defense Unit' drawn from Wall Street to invest about $200 billion over three years in defense deals to counter China, with recruiting targets including Goldman Sachs, Morgan Stanley, JPMorgan, and Bank of America for a two- to three-year secondment that offers access to top-level government officials and the chance to mobilize substantial private capital for national-security investments.