Goldman Sachs has always been a company that's donated heavily to the Democrats. But TheStreet.com now reports that the firm has started donating more of its money to the Republicans.
It reports: "Data from the Center for Responsive Politics (CRP) shows Goldman giving more money to Republicans than Democrats for the first time since it began keeping records back in 1990. During that 20-year time period covering 11 election cycles, Goldman has donated nearly $21 million to Democrats, nearly double the $12 million it has handed out to Republicans. This time around, however, Goldman has handed out roughly $914,000 to Republican candidates compared to some $776,000 to Democrats."
The reasons are obvious. There is the matter of the Obama administration's Goldman Sachs lawsuit and the financial reforms that traders are screaming about.
Clearly Goldman Sachs and the rest of Wall Street are now aligning their finances with the side they believe can best fulfill their agenda, and keep the money pouring in.
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