Tuesday, October 9, 2012
Hell Hath No Fury Like Goldman Scorned
In 2008, the notorious investment bank counted among the top donors working to elect President Obama, but the relationship has since turned sour. Goldman employees are throwing their weight behind Republican nominee Mitt Romney this election cycle, donating some $1.8 million to elect Romney, including both contributions to SuperPACs supporting the Republican candidate and direct contributions to his campaign, The Wall Street Journal told HuffPo.
Just four years ago Goldman employees donated more than $1 million to elect Obama. What went wrong? It could be personal. Obama has been no stranger to the popular rhetoric in recent years that’s characterized Wall Street as greedy and selfish. He once even referred to the financial industry as “fat cat bankers.” At the annual White House Correspondents Dinner in 2010, Obama hit Goldman directly.
While the President’s term has been kind to Wall Street profits, Goldman employees may also be annoyed by the increased regulation the bank has seen under President Obama with the Dodd-Frank financial reforms. But it’s not just Goldman Sachs that President Obama seems to have alienated…
Read all about it at http://www.huffingtonpost.com/2012/10/09/goldman-sachs-obama-romney-contributions_n_1950944.html?utm_hp_ref=business
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