Tuesday, April 20, 2010

Goldman Sachs was top Obama donor

Securities and Exchange Commission recently filed 5 counts of fraud against Goldman Sachs, Wall Street's top investment bank, which was also the second-largest donor through a company PAC and company employees to Obama's campaign for presidency in 2008. Interestingly the only higher donor was the PAC and employees of University of California schools, with a whopping 1.5 million topping Goldamn Sach's $994,795. Goldman Sachs has in recent elections, consistently donated more for Democratic candidates then Republican's, and this held true in the 2008 presidential race. "Goldman Sachs contributions to the Obama campaign were more than four times larger than the $230,095 in donations to Sen. John McCain's presidential campaign".

I just find this totally ironic: both Obama and Goldman Sachs are under fire. As the article linked above says it: "For Goldman Sachs, a large financial investment in President Obama does not appear to be paying off."

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