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Goldman’s White House connections raise eyebrows

Posted By admin On April 22, 2010 @ 10:01 am In World News | Comments Disabled

Greg Gordon
McClatchy Newspapers [1]
Thursday, April 22, 2010

WASHINGTON — While Goldman Sachs’ lawyers negotiated with the Securities and Exchange Commission over potentially explosive civil fraud charges, Goldman’s chief executive visited the White House at least four times.

White House logs show that Chief Executive Lloyd Blankfein traveled to Washington for at least two events with President Barack Obama, whose 2008 presidential campaign received $994,795 in donations from Goldman’s political action committee, its employees and their relatives. He also met twice with Obama’s top economic adviser, Larry Summers.


Goldmans White House connections raise eyebrows 260310banner2 [2]

No evidence has surfaced to suggest that Blankfein or any other Goldman executive raised the SEC case with the president or his aides. SEC Chairwoman Mary Schapiro said in a statement Wednesday that the SEC doesn’t coordinate enforcement actions with the White House or other political bodies.

Meanwhile, however, Goldman is retaining former Obama White House counsel Gregory Craig as a member of its legal team. In addition, when he worked as an investment banker in Chicago a decade ago, White House Chief of Staff Rahm Emanuel advised one client who also retained Goldman as an adviser on the same $8.2 billion deal.

Full story here. [1]

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URLs in this post:

[1] McClatchy Newspapers: http://www.mcclatchydc.com/2010/04/21/92637/goldmans-connections-to-white.html

[2] Image: http://purewaterfreedom.com/

[3] MSFT, Goldman Sachs CEOs to Meet Obama, Hu at White House: http://www.prisonplanet.com/msft-goldman-sachs-ceos-to-meet-obama-hu-at-white-house.html

[4] How Goldmans cost Gaddafi a $1.3bn fortune: http://www.prisonplanet.com/how-goldmans-cost-gaddafi-a-1-3bn-fortune.html

[5] House Dem Leader Urges Obama to Raise Debt Ceiling Without Congressional Approval: http://www.prisonplanet.com/house-dem-leader-urges-obama-to-raise-debt-ceiling-without-congressional-approval.html

[6] Goldman Sachs and the $100 million question: http://www.prisonplanet.com/goldman-sachs-and-the-100-million-question.html

[7] Goldman Sachs concedes case for restraining the big banks: http://www.prisonplanet.com/goldman-sachs-concedes-case-for-restraining-the-big-banks.html

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