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IPFS News Link • Legislative Mischief

Goldman, influence intact, lets one well run dry

• Reuters
Goldman Sachs Group Inc, legendary for its clout in Washington, has inexplicably halted its political fund-raising machine.

The strange twist comes at a time when Wall Street's biggest and most powerful investment bank, nicknamed Government Sachs by critics, seems in other respects to be just as politically involved as ever.

By all accounts, its senior executives are in close contact with Washington regulators, the lobbyists on its payroll include some of the best connected, and it continues to spend heavily to influence government.


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Comment by Anonymous
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Too bad cats out of the bag even michael moore knows government sachs was barack hussein obamas largest donor. Moore also clearly illustrates the revolving door between the executive suites of high finance and the halls of government. (The name of Goldman Sachs, the big investment banking firm, crops up a lot here. And while in another part of the picture the director lapses into predictable Obama adoration, here he pointedly notes that Goldman Sachs was the biggest contributor to Barack Obama's presidential campaign.)