Goldman Sachs’ Secret Plan To Get Political Disclosure Requirements Sacked

Few companies exercise greater political clout than Goldman Sachs. It spent more than $26 million lobbying the federal government from 2010 to 2016. It populates the Trump administration with veterans, from former President Gary Cohn, who directs Trump’s National Economic Council, to former Chief Investment Officer Steven Mnuchin, who serves as Treasury Secretary, to former counsel Jay Clayton, who chairs the Securities and Exchange Commission (SEC), to name only a few. Alumni preside over Federal Reserve banks, the European Central Bank and the Bank of England. Goldman also finances public projects such as bridges and roads, and its projects require ongoing government interactions to receive permits. In addition, part of its security comes through taxpayer-subsidized deposits, along with access to the Federal Reserve’s credit facilities.  There’s a reason for the moniker “Government Sachs” — as Goldman is inextricably tangled up with U.S. government and politics.

Source : https://www.salon.com/2018/01/13/goldman-sachs-secret-plan-to-get-political-disclosure-requirements-sacked/

Goldman Sachs’ secret plan to get political disclosure requirements sacked
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