Author Topic: Goldman Sachs Bans Employees from Donating to Trump  (Read 474 times)

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Offline unknown

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Goldman Sachs Bans Employees from Donating to Trump
« on: September 06, 2016, 10:41:53 pm »

Goldman Sachs Bans Employees from Donating to Trump

http://fortune.com/2016/09/06/goldman-elite-trump-pence/?xid=soc_socialflow_twitter_FORTUNE

Goldman Sachs has enacted a set of rules that bans the firm’s top employees from contributing to certain campaigns, including the Trump-Pence ticket.

The rules kicked in Sept. 1 and will apply only to partners of the firm. The memo detailing the rule change was first reported by Politico. 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.

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I won't be here after the election and vote.

If Hillary wins - I will be busy, BLOAT! (It won't be long before she won't let you buy.)

If Trump wins, I won't be here to GLOAT. (I don't want to hang around while everyone looks at every speck in his eye.)

Offline ABX

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Re: Goldman Sachs Bans Employees from Donating to Trump
« Reply #1 on: September 06, 2016, 10:59:50 pm »
I fail to see the problem here. This rule actually isn't Trump/Pence by name, but restricts donations to someone who is considered a local official running for office to remove any hint of quid pro quo (it is Pence, not Trump who makes that apply to that ticket in particular). IE, GS is trying to take the ethical high-ground.  Also, the rule is based on 2010 SEC regulations, long before the Trump/Pence campaign was a twinkle in Hillary's eye.

Or does Trump/Pence want quid pro quo donations from Goldman Sachs?
« Last Edit: September 06, 2016, 11:02:04 pm by AbaraXas »