Laughably enough, Goldman maintains that its selective ban on campaign contributions is not motivated by a desire to stop Trump but by the firm’s own benevolence and commitment to not violating “pay-to-play” rules. Gee, where was this concern for ethics and their fellow man when they ripped off thousands of Americans and let the taxpayer foot the bill when it caught up with them?
“’The policy change is also meant to minimize potential reputational damage caused by any false perception that the firm is attempting to circumvent pay-to-play rules, particularly given partners’ seniority and visibility,’ the firm wrote in the memo. ‘All failures to pre-clear political activities as outlined below are taken seriously and violations may result in disciplinary action.’
Fortune in July reported that SEC rules would make it nearly impossible for the Trump-Pence campaign to raise money from private equity managers, citing pay-to-play rules.
The ban doesn’t eliminate a large number of potential Trump donors. The bank has 467 partners globally, out of 30,000 plus employees. But since Goldman partners tend to be some of the wealthiest people in finance, the fact that they aren’t allowed to send money to the Trump campaign could make a difference, particularly among the race for Wall Street dollars, where Trump has been trailing Clinton but catching up lately.
What’s more, both of the campaign finance directors—Steven Mnuchin for Trump and Gary Gensler for Clinton—are former Goldman bankers. You would expect both to turn to former colleagues for donations.
All of the bank’s employees are already required seek approval from the firm regarding any campaign contributions.”
Source: Fortune
Why
Wall street is where hillary goes to get money. Do You think they would gine her money if she is going to raise their Taxes/