FOX Business Network’s (FBN) Charlie Gasparino is reporting that Goldman Sachs has put a moratorium on political campaign contributions while more politicians are reaching out for donations from the firm.
This looks like just another attempt at creating positive PR. The moratorium is just until the financial reform laws are passed. So, if financial reform happens tomorrow, then the moratorium is lifted. However, this new report by Charlie G. is worth watching. He does make some very good comments and observations. Watch and post your comments.
From Charlie Gasparino:“FOX Business Network has learned that Goldman Sachs has put an internal moratorium on giving campaign contributions to either Republicans, Democrats, the President, anybody, at least until financial reform is over. We have got this from senior sources inside Goldman that they are at this point – this has been going on for about a month – not giving contributions because they think it doesn’t look good.”
“Inside Goldman, there is a degree that they don’t want to be seen as influencing the process but there is a lot of anger inside Goldman Sachs about the way financial reform worked. How they have been singled out as the culprit in this entire meltdown of the financial system.”
“Kristin Gillibrand, the junior Senator from New York, is asking for contributions. Chuck Schumer is always asking for contributions. There is a lot of anger directed at Schumer and Gillibrand from Wall Street.”