It seems Goldman Sachs executives and employees are banking on another Bush or Clinton in the White House come 2016.
It was discovered this week that more than 50 Goldman executives and employees contributed more than $144,000 in the second quarter of this year to the campaign of former Florida Republican Governor Jeb Bush. Most of the contributors donated the maximum $2,700.
Some of the names on the list include investment management co-heads Eric Lane and Timothy J. O’Neill; mergers and acquisitions co-head Gene Sykes; merchant banking head Richard Firedman; and Robert Zoellick, the chairman of the company’s international advisers and a former head of the World Bank.
The second biggest financial institution to donate to Bush’s campaign is Neuberger Berman, which is currently run by George Walker, Bush’s second cousin. The firm’s workforce sent more than $63,000 to Bush’s bid for the Oval Office.
Other major finance firms consist of Credit Suisse Group AG, Morgan Stanley and JPMorgan Chase & Co.
We can’t forget about Hillary Clinton, either.
The former Secretary of State received about $300,000 from employees at the country’s six biggest banks. Approximately $88,000 came from Morgan Stanley executives, and another $62,000 came from workers at JPMorgan Chase.
Here is what the Wall Street Journal writes:
“The Clintons have long enjoyed ties to Wall Street, a vulnerability for her with some Democratic primary voters who blame big banks for many of the nation’s financial problems. In an economic speech this week, she vowed to tighten oversight of the industry but steered clear of the regulatory proposals most loathed on Wall Street that have been offered by her Democratic challengers.”
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