Goldman Sachs Tops List of Wall Street Political Donors

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Political giving works—it raises share prices and earnings—and so it's not surprising that Wall Street's top firms are heavily involved in the business of bribery investing in politicians. Goldman Sachs employees are the top political donors, forking over $2.6 million during the current election cycle, a spot they’ve held every year since 1994. Goldman folks will tell you that all this political giving just reflects the “public service” spirit at the firm, and you can believe that if you want. Or you can notice that the Goldman folks aren’t just giving—they are giving smart, favoring the Democrats over Republicans. Remember that study we mentioned yesterday noted that giving to the Dems delivers better earnings gains than Republican donations. Seeking Alpha even in politics.

Goldman Sachs workers again most active political givers
[MarketWatch]

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