In 2016, the company had to pay $5 billion in fines for its role in misleading mortgage bond investors during the 2008 financial meltdown.
“Misleading.” A nice way to say they lied.
They had to pay an additional $875 million for ripping off customers in New York, Chicago, and Seattle.
What was Goldman’s rationale?
Simple – profit ourselves while the rest of the country suffers.
During the 2016 campaign, Hillary came under fire for her paid speeches.
Goldman Sachs paid her a lot for those speeches.
They also paid a lot to Jay Clayton. That was the lawyer that helped bailout Goldman Sachs.
That bailout cost taxpayers $10 billion.
Jay Clayton was rewarded for his efforts. Trump nominated him to head-up the Securities and Exchange Commission.
Jon Tester voted to put him there. He was labeled a “Wall Street Democrat” because of this.
It’s not surprising.
Two years ago I told you about Tester’s vote to “block implementation of key reforms in the party’s 2010 law to increase the financial industry’s accountability.”
Since 2015, Tester has raised at least $2.3 million from the financial industry.
And why not? The financial elites of this country know that Jon is in their pocket. He’s willing to vote for their interests. That’s why they pay him.
When Tester was heading up the DSCC, the organization raised $3.3 million from financial, insurance and real estate companies.
Please remember – Tester works just 97 days out of the year, and he’s paid $174,000 for this (plus benefits).
$1,800 a day.
That’s ‘your’ Senator ‘working’ for ‘you.’