2014 Elections, Economy

Goldman Sachs looks to bag an elephant

0

pols_small11The firm, once a reliable supporter of the Democratic Party, is now the biggest backer of the Republican Party on Wall Street. In the current election cycle, Goldman’s employees have made $1.75 million in donations to Republicans, according to data from the Center for Responsive Politics. That’s 63% of the firm’s political donations.

And who Goldman backs matters. Its employees have long been the biggest source of political money on Wall Street. Since 1990, they have sent $47 million to candidates and political action committees.  Even the mega-banks—Citigroup, J.P. Morgan Chase, and Bank of America—haven’t given that much. For years, though, Goldman’s giving skewed toward Democrats. That culminated in 2008, when Goldman cash went to Democrats by a three-to-one margin. Then, in the 2010 mid-term election cycle, Goldman leaned Republican for the first time. More here on the WSJ blog.

Sign up for our FREE newsletter!

Sign up to receive daily updates, political news, action letters and additional messages from Conservative Republican News

View our Privacy Policy

Join our FREE Newsletter!