Goldman Sachs Bans Employees From Donating To Donald Trump Campaign (Video)

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Financial giant Goldman Sachs has banned its top employees from contributing to certain campaigns, specifically that of Donald Trump, according to reports from Politico and Fortune.

According to Fortune, in the memo, a copy of which was obtained by Fortune, Goldman specifically mentions the Trump-Pence campaign as an example of one Goldman partners can no longer support.

Among the type of donations that are banned, according to the memo, are, “Any federal candidate who is a sitting state or local official (e.g., governor running for president or vice president, such as the Trump/Pence ticket, or mayor running for Congress), including their Political Action Committees (PACs).”

At the same time, the rules do not restrict donations to Clinton-Kaine. Kaine is a U.S. Senator for Virginia, and not considered a local official under Goldman’s rules. Although the memo does say that Goldman partners are no longer able to donate to the Virginia Democratic party, which could be a reference to Kaine. Lloyd Blankfein, Goldman’s CEO, has declined to say who he is supporting for president, but is known as a long-time Clinton supporter. Blankfein donated to Clinton when she ran against Obama is 2008.

Goldman declined to comment on this story.

“The policy change is also meant to minimize potential reputational damage caused by any false perception that the firm is attempting to circumvent pay-to-play rules, particularly given partners’ seniority and visibility,” the firm wrote in the memo. “All failures to pre-clear political activities as outlined below are taken seriously and violations may result in disciplinary action.”

The ban doesn’t eliminate a large number of potential Trump donors. The bank has 467 partners globally, out of 30,000 plus employees. But since Goldman partners tend to be some of the wealthiest people in finance, the fact that they aren’t allowed to send money to the Trump campaign could make a difference, particularly among the race for Wall Street dollars, where Trump has been trailing Clinton but catching up lately.

2 COMMENTS

  1. That is so illegal, I cannot wait til they get sued for millions! It is the opposite of what the unions do, taking money from their members dues and spending it lobbying on things their members do not agree with.

    Now these bozos, are saying you cannot donate to Trump? How insane is that? They have no right, and anyone working for them who wants to donate to Trump should anyways, if they fire you; you’re instantly rich after you sue them for trying to control your free will and personal assets.

    And as advice to everyone else, HAVE NOTHING TO DO WITH GOLDMAN SACHS they are Anti-American asswads. Take your business elsewhere. Hit them right in the wallet, the only place they have any feelings.

    This is also proof positive that although hitlery says she is against wall st, it is just another lie. And you can be sure they are pumping a lot of money into her campaign. Don’t be a part of it.

  2. karma is a bitach, and it will come around to you, goldman sacks, (I know, I spelled it perfectly). We will be watching as you circle the drain.

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