Skip to comments.Close Ties to Goldman Enrich Romney’s Public and Private Lives
Posted on 01/29/2012 2:46:26 AM PST by 2ndDivisionVet
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.
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. And as the fight over regulation of financial firms spills onto the campaign trail, Mr. Romneys support for the industry he has called for repeal of the Dodd-Frank legislation tightening oversight of Wall Street may draw more fire....
(Excerpt) Read more at nytimes.com ...
7,000 Goldman Sachs IPO shares?!?!? DAMN!!!
Mittens the kitten will roll over and play Mc Cain long before any dirt needs to be thrown.
Only the libs could write a headline like that. “Enrich’ can be a positive reference. They measure every word and deliberately select every photo.
Actually, I fully expect Team O to not breathe a word about Goldman’s ties to Romney.
Because, you see, Goldman was a HUGE backer of Obama... and they’re donating money to Obama now - over $50K. When you look at the backers (as a group) of Obama vs. Romney, we see large state/private universities backing Obama and investment banks backing Romney.