Goldman Sachs has manipulated the game and enacted rules that ban the firm’s top employees from contributing to the Trump-Pence ticket. The rules do not restrict donations to Clinton-Kaine.
The rules ban donations to politicians running for or holding state or local offices. Pence is a Governor. He is thus disqualified,
Kaine is a US Senator. He is not disqualified.
“The rules kicked in Sept. 1 and will apply only to partners of the firm. The firm says the rules were meant to remove any implication of so-called “pay to play.” Four years ago, the bank paid $12 million to settle charges that a former Boston-based banker had picked up bond underwriting business in the state while working for and contributing funds to the campaign of a then Massachusetts state treasurer and governor-hopeful, Tim Cahill.
Goldman declined to comment on this story.
“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 first seen by Politico. “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 crooked nature of this world just waxes worse and worse!
This coming from the woman who thinks that Citizens United was a catastrophe. Hillary does not want to regulate all campaign finance, just conservative campaign finance. Nothing like telling your business partners who they can support! The woman is an ideological liar!
Clip from The Kyle Kulinski Show, which airs live on Blog Talk Radio and Secular Talk Radio Monday – Friday 11:00 AM – 12:30 PM Eastern time zone.
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