WhatFinger

Goldman thrives on complexity and backroom dealing

Goldman Sachs bans donations to Trump-Pence 2016


Capital Research Center Goldman Sachs, the international investment bank that is under more or less continuous government investigation, has forbidden senior employees from giving money to the Trump-Pence campaign. But these wizards of Wall Street drew the new rule up in such a way that they can claim they are not trying to elect Hillary Clinton president. Fortune reports: The rules kicked in Sept. 1 and will apply only to partners of the firm. The memo detailing the rule change was first reported by Politico. The firm says the rules were meant to remove any implication of so-called "pay to play." Four years ago, the bank paid $12 million to settle charges that a former Boston-based banker had picked up bond underwriting business in the state while working for and contributing funds to the campaign of a then Massachusetts state treasurer and governor-hopeful, Tim Cahill.
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