Goldman Sachs, the major investment bank which has become a symbol of Wall Street, for better or worse, is on track to become the top donor of this presidential campaign season with $794, 609 contributed to both sides thus far.
According to POLITICO the bulk of their investments have gone towards Jeb Bush and his related Super PAC Right to Rise.
So far, Bush has received a staggering $483, 500. Meanwhile Florida Senator Marco Rubio has taken $79, 600 from the Wall Street bank and Ted Cruz, who’s wife is a former Goldman exec has received $43, 575.
For the Democratic side, Hillary Clinton has received $169, 850, but Goldman has given her nearly $700, 000 in speaking fees since she left office.
Clinton has been attacked on her closeness with Wall Street, with some like Bernie Sanders accusing her of being beholden to them and therefore unable to crackdown and prevent another Wall Street collapse like the one in 2008.
At the most recent Democratic debate, Sanders outlined his frustration with Wall Street.
“Goldman Sachs recently fined (sic) $5 billion,” Sanders said. “Goldman Sachs has given this country two Secretaries of Treasury, one for the Republicans and one for the Democrats. The leader of Goldman Sachs is a billionaire who comes to Congress and tells us we should cut Social Security, Medicare and Medicaid. Secretary Clinton . . . you’ve received $600, 000 in speaking fees from Goldman Sachs in one year. I find it very strange that a major financial institution that pays $5 billion in fines for breaking the law, not one of their executives is prosecuted while kids who smoke marijuana gets a jail sentences.”
Sanders was referring to an announcement from Goldman Sachs last Thursday that it had reached a $5.1 billion settlement with its regulators for bad mortgage loans they knowingly sold to their clients between 2007-2008.
Thus far, Bernie Sanders has received no money from Goldman Sachs or any other major corporation or single donor.
Sanders is doing fine with small donations however. He raised $33 million in the last three months of 2015 and raised $1.4 million in a single day this month.
[POLITICO] [New York Post]