Top Democrats Received Top Dollars From Goldman Sachs

The financial system in America needs reform.  No one will deny that.   The question is should the people who were a primary cause of the economic collapse and who received heavy contributions from companies involved in the collapse be the people to write the financial reform legislation?

Goldman Sachs and its employees and family members gave $5.9 million to candidates in the 2007-2008 election cycle, the data shows. Three-quarters of that went to Democrats, the non-partisan group said.  Wall Street provided three of Obama’s seven biggest sources of contributions for his Presidential bid. In 2007 and 2008, Goldman Sachs employees and family members gave him $994,795, Citigroup Inc. $701,290, and JPMorgan Chase & Co. $695,132.

This question was put to Robert Gibbs, "On Goldman Sachs: Anybody inside the White House suggested that Obama might want to give back any donations that came from Goldman Sachs personnel?"

Gibbs responded, " The president doesn't take and didn't in the campaign take  PAC money. Doesn't take money from registered federal lobbyists. Uhhh, and I think anybody that contributed to the campaign at any point knew where the president stood on regulating Wall Street and regulating the financial industry.  From, again: That first speech on Wall Street in 2007, the second speech in March of 2008 the same venue we're going to go to and then anybody that watched the campaign from sort of mid-September on, obviously, uh, the focus was on, uh, what to do on Wall Street."

The answer is no, Obama will not give back the contributions to Goldman employees.  None of the sanctimonious Representatives or Senators who took money from Goldman Sachs employees are giving back the campaign contributions.

But it gets even worse.  Harry Reid is on TV every day bad mouthing Republicans for holding up financial reform legislation. 

Dana Bash at CNN asked Harry Reid about meetings between him and Wall Street executives.  Bash, “There's a report that you have also had meetings with Wall Street executives and specifically a fundraiser with them in New York including executives at Goldman Sachs.  Is that accurate, and how does that play into this dynamic?”

Reid’s answer was,” I'm leading the effort to rein in Wall Street, to make them more accountable and end the "too big to fail."  And while Republicans, it seems, are leading efforts to leave things just the way they are.  Wall Street's responsible for economic disaster, and we must hold them accountable.  So I'm going to make sure that in this legislation I do everything within my ability to make sure that banks aren't too big to fail.”

Bash went further, “Can you tell us about the fundraiser, sir?   Did you have a fundraiser?  A Reid aide cut off the exchange then with, “Thanks, everybody!” as he hustled Reid away.

How can we trust these people to pass reform legislation that protects hard working Americans?

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