REPORT: Five Senior Goldman Sachs Execs Gave $130K To 'Obama Victory Fund' WHILE Eric Holder Was Deciding Whether To File Criminal Charges
This is one of several, very interesting revelations from the GAI report on corruption within the Obama Justice Department. And remember, in our bought and paid for system, what you will read is completely legal.
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Daily Caller
Excerpt:
GAI argues that the Obama administration’s decision to not go after Big Finance is due to senior DOJ leadership — Holder, Associate Attorney General Tom Perrelli, Associate Attorney General Tony West, Assistant Attorney General Lanny Breuer, Deputy Attorney General James Cole and Deputy Associate Attorney General Karol Mason — who “all came to the DOJ from prestigious white-collar defense firms where they represented the very financial institutions the DOJ is supposed to investigate.”
The report details how Holder and Breuer both came to the DOJ from Covington & Burling, a “top-tier Washington law firm” with a client list that includes financial firms like Wells Fargo, J.P. Morgan Chase, Bank of America, CitiBank, Deutsche Bank, Goldman Sachs, ING, Morgan Stanley, UBS and Wilmington Trust.
GAI said that President Obama’s decision to choose Holder, “a white-collar defense attorney from Covington,” as his attorney general, over a “more fiery prosecutor,” appears to have sent “a subtle signal to the financial community” that this administration isn’t going to actually do anything, despite the harsh words.
As one of many examples of where Holder’s DOJ could have gone after Wall Street but failed, GAI cites how Michigan Democratic Sen. Carl Levin “proposed that the DOJ criminally investigate Goldman Sachs for its handling of the Abacus 2007-AC1 transaction” in an April 2011 Senate Permanent Subcommittee on Investigations report.
In that 635-page report, Levin and his staff — who are Democrats — recommended that Holder’s DOJ investigate potential crimes committed. Levin’s subcommittee and the Federal Financial Crisis Inquiry Commission both made formal referrals to the DOJ for investigation – and Forbes magazine ran an article with the headline, “Criminal Charges Loom for Goldman Sachs After Scathing Report.”
Nothing happened. But, over the course of the rest of 2011, Obama went on a massive fundraising drive down Wall Street. “By the fall of 2011, Obama had collected more donations from Wall Street than any of the Republican candidates, and employees at Bain Capital had donated more than twice as much to Obama as they did to [Mitt] Romney, the firm’s founder,” GAI wrote in its report.
“In the weeks before and after the Senate report on Goldman Sachs, several Goldman executives and their families made contributions to Obama’s Victory Fund and related entities and some contributors maxed out at the largest individual donation allowed, $35,800.”
“Five senior Goldman Sachs executives wrote more than $130,000 in checks to the Obama Victory Fund,” GAI continued. “Two of these executives had never donated to Obama before and had previously only given small donations to individual candidates.”
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More detail is here. All links open in a new window:
Nov 8, 2012 at 11:53 PM
Reader Comments (14)
http://www.reuters.com/article/2012/08/08/us-standardchartered-iran-idUSBRE8750VM20120808
Why Did Obama Choose Outsourcing Champion Jeffrey Immelt as Jobs Advisor?
http://www.allgov.com/Top_Stories/ViewNews/Why_Did_Obama_Choose_Outsourcing_Champion_Jeffrey_Immelt_as_Jobs_Advisor_110208
http://www.breitbart.com/Big-Government/2012/08/12/DOJ-Announces-No-Prosecutions-For-Top-Obama-Donor-Goldman-Sachs?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+BigGovernment+%28Big+Government%29
http://nymag.com/daily/intel/2012/10/goldman-sachs-reveals-greg-smith-battle-plans.html
[snip]
Goldman Sachs is gearing up for the media battle of its life against Greg Smith, whose book on his now-famous resignation from the bank comes out on Monday.
Yesterday, to equip its troops for battle, Goldman sent a two-page "Briefing Toolkit" memo full of talking points to all of its employees, and many of its former employees via an alumni mailing list. A source who received the memo sent us a copy...
The antidote, 1) Destroy the crooked voting machines. 2) Ditch queen lizard.
"Well; but monsters as they are, what would you do with them? The answer is short and at hand, hang them; for, whatever they deserve, I would have no new tortures invented, nor any new death devised. In this, I think, I shew moderation; let them only be hanged, but hanged speedily. As to their wealth, as it is the manifest plunder of the people, let it be restored to the people, and let the publick be their heirs; the only method by which the publick is ever like to get millions by them, or indeed any thing."
http://oll.libertyfund.org/simple.php?id=1237
Cato was the pseudomym of two writers from England who greatly influenced the Founding Fathers of this country. How pitifully low we've sunk.
Cato link was great.