Tuesday, October 9, 2012

Goldman Sachs Switches To Republicans

Goldman Sachs Switches To Republicans
The market wants Obama to win for the simple reason that it's been propped up by the Fed, and the current president, unlike Romney, hasn't mentioned nominating a new Fed president. Goldman Sachs, on the other hand, doesn't care if the market prospers or crashes as long as its high frequency trading machines get a cut of nearly every move the market makes. Goldman does, however, curry favor with the powers-that-be by donating to whomever it thinks will win elections.

78% of Goldman's contributions went to Democrats in 2008. 75% of its contributions have gone to Republicans this year. Interesting.

Goldman Sachs Switches To Republicans - chart


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