We can’t blame Goldman Sachs. It’s just good business.
Goldman Sachs pours money into lefty causes and politicians of both stripes. The gifts to left-wing flagships like climate change and same-sex marriage buy protection from the anti-bank Occupy crowd. And climate propaganda is doubly useful — Goldman Sachs can invest and profit from government largess. And these are very big biccies – -in 2009 Goldman Sachs announced it would spend $150 billion on green energy by 2020.
The message to non-left causes is that if you want to get multimillion dollar philanthropic funds, mobilize people and march in the street. When Goldman is afraid of what you might do against their bonuses or profits they might get interested in your cause too.
But infamously and so much more importantly, Goldman donates to both sides of politics and their people are appointed to key positions in the Treasury and corridors of power. When Goldman crashes, it gets bailed out — and that has happened four times in the last 20 years. The TARP bailout for Sachs was as much as $10 billion, so a mere $675k in speaking fees for Hillary-nearly-Pres might be viewed as a decent investment at the time […]
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