Goldman Sachs

The Chronicles of Money, Politics, "Insufficient Influence," Freshman Fundraising in Paradise, and the Plunger of Justice

Here's a recap of Public Campaign and Public Campaign Action Fund's (PCAF) work from March 12 through March 23, 2012.

The Unfortunate Parallels Between Wall Street Excess and Washington

Public Campaign Action Fund's Executive Director David Donnelly had this piece yesterday in the Huffington Post on what Goldman Sachs whistleblower, Greg Smith, tells us about Washington, D.C. 

The Chronicles of Money, Politics, and How a Penny Became Not Nearly Enough For Your Thoughts

Here's a round-up of Public Campaign and Public Campaign Action Fund's work for the week of Aug 15-Aug 19, 2011.

What's in a Name?

"The names have been changed to protect the revolving door." You could say that. It's hard to say for sure, but it seems a little fishy. Think Progress reports on a former Goldman Sachs Vice President who changed his name shortly before going on to become a top staffer to House Oversight Committee chairman, Rep. Darrell Issa (D-Calif.).

Goldman Sach's Washington ties

It was announced this morning that the Securities and Exchange Commission has accused Goldman Sachs "of securities fraud in a civil suit filed Friday...which claims the bank created and sold a mortgage investment that was secretly devised to fail."

 

The firm is a major player on Wall Street—and K Street in Washington, D.C. Leading up to the economic bust in 2008 and continuing to today, the firm has spent millions dollars on lobbying and campaign contributions.