Goldman Sachs executives complain loudly to Harry Reid about Democrats
Goldman Sachs (NYSE: GS) executives are tired of being beaten up in the press, and they let Harry Reid, one of the heroes of the health reform law, know about it at a recent event staged by Goldman Sachs executives.
Fox Business News reports that the anger was palpable as the politician was harangued by several executives including Gary Cohn, Goldman Sachs' president. The chief complaint seems to be that Democrats are demonizing the firm and Wall Street to score political points. It does appear that Democrats have identified a well spring of populist anger. But it gets really tricky when it comes to the epitome of Wall Street, Goldman Sachs.
The fact is that the firm has historically been a Democrat friendly firm. Both Cohn and CEO Lloyd Blankfein have been big supporters of the party, which has fueled the anger. Cohn reportedly said, "You are sitting here with a room full of Democrats and all you do is beat us up!" The meeting was supposed to be a fund raiser. We'll see if all the rhetoric will lead to a major shift in Wall Street support in the mid-terms. Very interesting.
For more:
- here's the article
Related Articles:
Goldman Sachs executives leave prop trading unit
Media fascination with Goldman Sachs: CBS takes aim
Poll: Goldman Sachs and other big banks have poor reputations




Comments