Sunday, March 18, 2012

Mitt Romney Has Major Investments at Goldman Sachs (for 3/17/12)

In December, leading GOP Presidential contender Mitt Romney said, "I am not a Wall Street guy, classically defined."  He tried to emphasize that his firm, Bain Capital, was different from JP Morgan, Goldman Sachs, and other Wall Street banks that caused the financial crisis.  But, Romney has significant investments in these banks, with the largest of these being in Goldman Sachs.  He reported on disclosure forms last August Goldman investments between $17.7 million and $50.5 million.  Romney's investment portfolio dwarfs those of other GOP Presidential candidates, who are not Goldman Sachs clients.  Accusations made by Michigan Senator Carl Levin against this firm include pushing investments predicted to fail onto its clients and lying to Congress.  This leads one to believe that Romney would serve the interests of Goldman Sachs before he serves the needs of the American people as Goldman Sachs as already infiltrated the U.S. Government with many former employees and hires former high-ranking U.S. officials in return.  This allows people in this inner circle to perosonally enrich themselves as everyone else in this country gets poorer.

http://motherjones.com/politics/2012/01/mitt-romney-goldman-sachs-investments

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