Skip to comments.Goldman Sachs Ties Enrich Romney ["The Securities and Investment Industry" Most Money To Romney]
Posted on 01/27/2012 9:43:05 PM PST by Steelfish
Goldman Sachs Ties Enrich Romney No other company but Bain so closely intertwined with candidate's public, private lives
By NICHOLAS CONFESSORE, PETER LATTMAN and KEVIN ROOSE
When Bain Capital sought to raise money in 1989 for a fast-growing office-supply company named Staples, Mitt Romney, Bains founder, called upon a trusted business partner: Goldman Sachs, whose bankers led the companys initial public offering. When Mr. Romney became governor of Massachusetts, his blind trust gave Goldman much of his wealth to manage, a fortune now estimated to be as much as $250 million.
And as Mr. Romney mounts his second bid for the presidency, Goldman is coming through again: Its employees have contributed at least $367,000 to his campaign, making the firm Mr. Romneys largest single source of campaign money through the end of September.
No other company is so closely intertwined with Mr. Romneys public and private lives except Bain itself. And in recent days, Mr. Romneys ties to Goldman Sachs have lashed another lightning rod to a campaign already fending off withering attacks on his career as a buyout specialist, thrusting the privileges of the Wall Street elite to the forefront of the Republican nominating battle.
At his first public appearance since aggressively defending himself as "pro-immigration" at last night's final Florida debate, Mitt Romney took to the podium again today to argue that he and the Republican party are firmly in favor of legal immigration.
Newt Gingrich, whose allies have spent millions of dollars on advertisements painting Mr. Romney as a heartless vulture capitalist, seized on Mr. Romneys Goldman ties at Thursdays Republican debate in Florida, suggesting that he had profited through Goldman on banks that had foreclosed on Floridians.
(Excerpt) Read more at msnbc.msn.com ...
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Now they care?! It wasn’t important when Goldman Sachs contributed so much money to Obama.
Government Sachs is the definition of crony capitalism
Remember the big sign in the newsroom at the NYT:
IT'S ONLY A CRIME WHEN REPUBLICANS DO IT.