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Old 09-26-2008, 04:08 PM
 
Location: Chicagoland
41,314 posts, read 39,606,455 times
Reputation: 7107

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ABC News: Congress Has 43,457,362 Reasons to Help Goldman Sachs



As a group, Goldman Sachs bankers have been the country's top political campaign contributors this year and have given $29.5 million in contributions since 1989, according to the Center.

Quote:
Before becoming Treasury Secretary, Paulson was chairman of Goldman Sachs, earning over $140 million in compensation during his seven years as the firm's top officer, according to company filings. Upon taking office, Paulson divested himself of his 3.23 million Goldman shares, reportedly worth $485 million at the time, to comply with government ethics rules.
This is the guy down on bended knee begging for 700 Billion. Outrageous!

Quote:
Goldman Sachs bankers are also the number one contributors to the Barack Obama presidential campaign, giving $691,930 to his campaign in this cycle, according to the records.

John McCain's campaign has received substantially less from Goldman Sachs employees, $208,395, although they are, as a group, his fourth largest contributor.

In the 2008 election cycle, Goldman Sachs bankers have come up with $4.8 million in contributions to federal candidates, according to the records. 72 per cent of Goldman's money this year has gone to Democratic candidates and the national party, the majority party in Congress.
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Old 09-26-2008, 04:35 PM
LML
 
Location: Wisconsin
7,110 posts, read 8,119,402 times
Reputation: 5160
For once you and I agree Sanrene....probably the only time we ever will. But the idea of caving in and giving this crook the keys to the castle and the power to use them drives me nuts. ENOUGH.
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Old 09-26-2008, 04:45 PM
 
1,535 posts, read 1,838,734 times
Reputation: 455
Never take a Sanrene post as face value:

Top 10 bundled contributions (remember corporations can not contribute directly on their employees who are still limited to $2,300 per contribution:

Goldman Sachs barely beats out the University of California.

Goldman Sachs $691,930
University of California $611,207
Citigroup Inc $448,599
JPMorgan Chase & Co $442,919
Harvard University $435,769
Google Inc $420,174
UBS AG $404,750
National Amusements Inc $389,140
Microsoft Corp $377,235
Lehman Brothers $370,524
Sidley Austin LLP $350,302
Moveon.org $347,463
Skadden, Arps et al $340,264
Time Warner $338,527
Wilmerhale Llp $335,398
Morgan Stanley $318,070
Latham & Watkins $297,400
Jones Day $289,476
University of Chicago $278,885
Stanford University $276,038

Plus it ain't like John is turing down any checks himself

Merrill Lynch $298,413
Citigroup Inc $269,251
Morgan Stanley $233,272
Goldman Sachs $208,395
JPMorgan Chase & Co $179,975
AT&T Inc $174,487
Blank Rome LLP $150,426
Credit Suisse Group $150,025
Greenberg Traurig LLP $146,787
UBS AG $140,165
PricewaterhouseCoopers $140,120
US Government $137,617
Bank of America $129,475
Wachovia Corp $122,846
Lehman Brothers $117,500
FedEx Corp $113,453
Gibson, Dunn & Crutcher $104,250
US Army $103,613
Bear Stearns $99,300
Pinnacle West Capital $97,700
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Old 09-26-2008, 05:43 PM
 
Location: Orlando
8,233 posts, read 11,277,437 times
Reputation: 4064
Sanrene , on this we agree it is an outrage, they have been investing in thier own bailout and it looks like it will payoff. they give a few M for 700B what an investment. I say stop the bailout the way the present parties are pushing. Make the American tax payers equity holders in the companies.. I suspect we could buy them all for way less than 700B if allowed to crash. Would a normal business keep a worker that failed horribly?.... no so the bailout is conditional on the elimination of the exec staff and the board, and and equity interest. The execs will get no bonuses, parachutes or benefitts. they are fired !. Get the hell out of here and place a restaining order against them around the business.

Vote third party for a real difference..


YouTube - Three Way Presidential Debate - Obama, McCain, and Nader
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Old 09-26-2008, 05:54 PM
 
Location: Chicagoland
41,314 posts, read 39,606,455 times
Reputation: 7107
Quote:
Sanrene , on this we agree it is an outrage, they have been investing in thier own bailout and it looks like it will payoff. they give a few M for 700B what an investment. I say stop the bailout the way the present parties are pushing. Make the American tax payers equity holders in the companies.. I suspect we could buy them all for way less than 700B if allowed to crash. Would a normal business keep a worker that failed horribly?.... no so the bailout is conditional on the elimination of the exec staff and the board, and and equity interest. The execs will get no bonuses, parachutes or benefitts. they are fired !. Get the hell out of here and place a restaining order against them around the business.

Vote third party for a real difference..
I say let them fail. Ease the credit crunch by all means by assurances and loans, but no bailout.

Call your representatives and senators.

The new WaMu CEO who had been on the job 17 days before the Chase purchased WaMu, got $20 million - for 17 days - for nothing.

See, the WaMu deal is exactly how it should go down. No government bailout paid for by the taxpayers.
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