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Goldman Sachs bans employee donations to Trump, not Clinton

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EvaPeron

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WELL THIS SEEMS TOTALLY FAIR - :(.

"The policy change is also meant to minimize potential reputational damage caused by any false perception that the firm is attempting to circumvent pay-to-play rules, particularly given partners' seniority and visibility," the firm wrote in the memo to employees. "All failures to pre-clear political activities as outlined below are taken seriously and violations may result in disciplinary action."

But what Goldman Sachs has not clarified is why top employees are still allowed to financially support Hillary Clinton's Democratic bid. The rule, effective Sept. 1, said "any federal candidate who is a sitting state or local official (e.g., governor running for president or vice president, such as the Trump/Pence ticket, or mayor running for Congress), including their Political Action Committees (PACs)" are not allowed to receive donations from the firm's 467 partners.
 
Im not a lawyer but this sounds illegal to me.

Sent from my SM-G920P using Tapatalk
 
EvaPeron said:
WELL THIS SEEMS TOTALLY FAIR - :(.

"The policy change is also meant to minimize potential reputational damage caused by any false perception that the firm is attempting to circumvent pay-to-play rules, particularly given partners' seniority and visibility," the firm wrote in the memo to employees. "All failures to pre-clear political activities as outlined below are taken seriously and violations may result in disciplinary action."

But what Goldman Sachs has not clarified is why top employees are still allowed to financially support Hillary Clinton's Democratic bid. The rule, effective Sept. 1, said "any federal candidate who is a sitting state or local official (e.g., governor running for president or vice president, such as the Trump/Pence ticket, or mayor running for Congress), including their Political Action Committees (PACs)" are not allowed to receive donations from the firm's 467 partners.
Click to expand...

Can we have a link, please?
 
The only humans beings who could not rationalize this correctly and connect the obvious dots would be progs and libiots

Wall St and the big banks OWN the clintons....along with many foreign interests.

Look, if you want to kill America and make it 3rd world asap....vote Hillary.
 
EvaPeron said:
WELL THIS SEEMS TOTALLY FAIR - :(.

"The policy change is also meant to minimize potential reputational damage caused by any false perception that the firm is attempting to circumvent pay-to-play rules, particularly given partners' seniority and visibility," the firm wrote in the memo to employees. "All failures to pre-clear political activities as outlined below are taken seriously and violations may result in disciplinary action."

But what Goldman Sachs has not clarified is why top employees are still allowed to financially support Hillary Clinton's Democratic bid. The rule, effective Sept. 1, said "any federal candidate who is a sitting state or local official (e.g., governor running for president or vice president, such as the Trump/Pence ticket, or mayor running for Congress), including their Political Action Committees (PACs)" are not allowed to receive donations from the firm's 467 partners.
Click to expand...

Err where does it say they can donate to Hilary? It specific says they cant and gives the Trump/Pence ticket as an example. Another example would be the Hilary/whoever the other guy is.. or Johnson/who????. More faux outrage from the Trump right I think...
 
here is what i found

Goldman Sachs Bans Employees from Donating to Trump

Timing of rule, which OKs Clinton contributions, will be questioned.
Goldman Sachs has enacted a set of rules that bans the firm’s top employees from contributing to certain campaigns, including the Trump-Pence ticket.

The rules kicked in Sept. 1 and will apply only to partners of the firm. The memo detailing the rule change was first reported by Politico. The firm says the rules were meant to remove any implication of so-called “pay to play.” Four years ago, the bank paid $12 million to settle charges that a former Boston-based banker had picked up bond underwriting business in the state while working for and contributing funds to the campaign of a then Massachusetts state treasurer and governor-hopeful, Tim Cahill.

But the people in the Trump campaign are sure to question the timing. That’s because the rules ban donations to politicians running for state or local offices, as well as donations to state officials who are seeking federal office. That makes campaign contributions to the Trump-Pence ticket a no-no. Pence is the current governor of Indiana.

Goldman Sachs Bans Employees from Donating to Trump

another excerpt


The rules kicked in Sept. 1 and will apply only to partners of the firm. The memo detailing the rule change was first reported by Politico. The firm says the rules were meant to remove any implication of so-called “pay to play.” Four years ago, the bank paid $12 million to settle charges that a former Boston-based banker had picked up bond underwriting business in the state while working for and contributing funds to the campaign of a then Massachusetts state treasurer and governor-hopeful, Tim Cahill.

But the people in the Trump campaign are sure to question the timing. That’s because the rules ban donations to politicians running for state or local offices, as well as donations to state officials who are seeking federal office. That makes campaign contributions to the Trump-Pence ticket a no-no. Pence is the current governor of Indiana.


In the memo, a copy of which was obtained by Fortune, Goldman specifically mentions the Trump-Pence campaign as an example of one Goldman partners can no longer support. Among the type of donations that are banned, according to the memo, are, “Any federal candidate who is a sitting state or local official (e.g., governor running for president or vice president, such as the Trump/Pence ticket, or mayor running for Congress), including their Political Action Committees (PACs).”

At the same time, the rules do not restrict donations to Clinton-Kaine. Kaine is a U.S. Senator for Virginia, and not considered a local official under Goldman’s rules. Although the memo does say that Goldman partners are no longer able to donate to the Virginia Democratic party, which could be a reference to Kaine. Lloyd Blankfein, Goldman’s CEO, has declined to say who he is supporting for president, but is known as a long-time Clinton supporter. Blankfein donated to Clinton when she ran against Obama is 2008.
 
gdgyva said:
here is what i found

Goldman Sachs Bans Employees from Donating to Trump

Timing of rule, which OKs Clinton contributions, will be questioned.
Goldman Sachs has enacted a set of rules that bans the firm’s top employees from contributing to certain campaigns, including the Trump-Pence ticket.

The rules kicked in Sept. 1 and will apply only to partners of the firm. The memo detailing the rule change was first reported by Politico. The firm says the rules were meant to remove any implication of so-called “pay to play.” Four years ago, the bank paid $12 million to settle charges that a former Boston-based banker had picked up bond underwriting business in the state while working for and contributing funds to the campaign of a then Massachusetts state treasurer and governor-hopeful, Tim Cahill.

But the people in the Trump campaign are sure to question the timing. That’s because the rules ban donations to politicians running for state or local offices, as well as donations to state officials who are seeking federal office. That makes campaign contributions to the Trump-Pence ticket a no-no. Pence is the current governor of Indiana.

Goldman Sachs Bans Employees from Donating to Trump

another excerpt


The rules kicked in Sept. 1 and will apply only to partners of the firm. The memo detailing the rule change was first reported by Politico. The firm says the rules were meant to remove any implication of so-called “pay to play.” Four years ago, the bank paid $12 million to settle charges that a former Boston-based banker had picked up bond underwriting business in the state while working for and contributing funds to the campaign of a then Massachusetts state treasurer and governor-hopeful, Tim Cahill.

But the people in the Trump campaign are sure to question the timing. That’s because the rules ban donations to politicians running for state or local offices, as well as donations to state officials who are seeking federal office. That makes campaign contributions to the Trump-Pence ticket a no-no. Pence is the current governor of Indiana.


In the memo, a copy of which was obtained by Fortune, Goldman specifically mentions the Trump-Pence campaign as an example of one Goldman partners can no longer support. Among the type of donations that are banned, according to the memo, are, “Any federal candidate who is a sitting state or local official (e.g., governor running for president or vice president, such as the Trump/Pence ticket, or mayor running for Congress), including their Political Action Committees (PACs).”

At the same time, the rules do not restrict donations to Clinton-Kaine. Kaine is a U.S. Senator for Virginia, and not considered a local official under Goldman’s rules. Although the memo does say that Goldman partners are no longer able to donate to the Virginia Democratic party, which could be a reference to Kaine. Lloyd Blankfein, Goldman’s CEO, has declined to say who he is supporting for president, but is known as a long-time Clinton supporter. Blankfein donated to Clinton when she ran against Obama is 2008.
Click to expand...

Thanks for posting the link. So the 467 partners can't donate to anyone running for state or local offices. It doesn't jive with the subject line. It looks like the other 32,600+ employees are free to donate to Trump/Pence.

Well, Trump said he didn't need anyone's money anyway, so this should be a moot point.
 
gdgyva said:
here is what i found

Goldman Sachs Bans Employees from Donating to Trump

Timing of rule, which OKs Clinton contributions, will be questioned.
Goldman Sachs has enacted a set of rules that bans the firm’s top employees from contributing to certain campaigns, including the Trump-Pence ticket.

The rules kicked in Sept. 1 and will apply only to partners of the firm. The memo detailing the rule change was first reported by Politico. The firm says the rules were meant to remove any implication of so-called “pay to play.” Four years ago, the bank paid $12 million to settle charges that a former Boston-based banker had picked up bond underwriting business in the state while working for and contributing funds to the campaign of a then Massachusetts state treasurer and governor-hopeful, Tim Cahill.

But the people in the Trump campaign are sure to question the timing. That’s because the rules ban donations to politicians running for state or local offices, as well as donations to state officials who are seeking federal office. That makes campaign contributions to the Trump-Pence ticket a no-no. Pence is the current governor of Indiana.

Goldman Sachs Bans Employees from Donating to Trump

another excerpt


The rules kicked in Sept. 1 and will apply only to partners of the firm. The memo detailing the rule change was first reported by Politico. The firm says the rules were meant to remove any implication of so-called “pay to play.” Four years ago, the bank paid $12 million to settle charges that a former Boston-based banker had picked up bond underwriting business in the state while working for and contributing funds to the campaign of a then Massachusetts state treasurer and governor-hopeful, Tim Cahill.

But the people in the Trump campaign are sure to question the timing. That’s because the rules ban donations to politicians running for state or local offices, as well as donations to state officials who are seeking federal office. That makes campaign contributions to the Trump-Pence ticket a no-no. Pence is the current governor of Indiana.


In the memo, a copy of which was obtained by Fortune, Goldman specifically mentions the Trump-Pence campaign as an example of one Goldman partners can no longer support. Among the type of donations that are banned, according to the memo, are, “Any federal candidate who is a sitting state or local official (e.g., governor running for president or vice president, such as the Trump/Pence ticket, or mayor running for Congress), including their Political Action Committees (PACs).”

At the same time, the rules do not restrict donations to Clinton-Kaine. Kaine is a U.S. Senator for Virginia, and not considered a local official under Goldman’s rules. Although the memo does say that Goldman partners are no longer able to donate to the Virginia Democratic party, which could be a reference to Kaine. Lloyd Blankfein, Goldman’s CEO, has declined to say who he is supporting for president, but is known as a long-time Clinton supporter. Blankfein donated to Clinton when she ran against Obama is 2008.
Click to expand...

Interesting. And weird. So if Hillary had chosen a governor or other state or local level politician as her running mate this ban would also apply to her. Or if Trump had chosen a US Senator or US Representative as a running mate the ban would NOT apply to him. How very...convoluted.
 
EvaPeron said:
WELL THIS SEEMS TOTALLY FAIR - :(.

"The policy change is also meant to minimize potential reputational damage caused by any false perception that the firm is attempting to circumvent pay-to-play rules, particularly given partners' seniority and visibility," the firm wrote in the memo to employees. "All failures to pre-clear political activities as outlined below are taken seriously and violations may result in disciplinary action."

But what Goldman Sachs has not clarified is why top employees are still allowed to financially support Hillary Clinton's Democratic bid. The rule, effective Sept. 1, said "any federal candidate who is a sitting state or local official (e.g., governor running for president or vice president, such as the Trump/Pence ticket, or mayor running for Congress), including their Political Action Committees (PACs)" are not allowed to receive donations from the firm's 467 partners.
Click to expand...

Since Tim Kaine, Hillary's running mate, is a US Senator (VA) how is that possible?
 
tres borrachos said:
Thanks for posting the link. So the 467 partners can't donate to anyone running for state or local offices. It doesn't jive with the subject line. It looks like the other 32,600+ employees are free to donate to Trump/Pence.

Well, Trump said he didn't need anyone's money anyway, so this should be a moot point.
Click to expand...

if this was a Clinton/Rubio or Clinton /Kasich election, and only Clinton could receive donations, would you feel the same way?
 
ttwtt78640 said:
Since Tim Kaine, Hillary's running mate, is a US Senator (VA) how is that possible?
Click to expand...

At the same time, the rules do not restrict donations to Clinton-Kaine. Kaine is a U.S. Senator for Virginia, and not considered a local official under Goldman’s rules. Although the memo does say that Goldman partners are no longer able to donate to the Virginia Democratic party, which could be a reference to Kaine.
 
gdgyva said:
if this was a Clinton/Rubio or Clinton /Kasich election, and only Clinton could receive donations, would you feel the same way?
Click to expand...

Rubio wouldn't have been subjected to it apparently.

And would I be crying because 467 people who probably would never have contributed to them anyway couldn't contribute to them under Goldman's dopey internal rules? No.
 
NoLeftNoRight said:
The only humans beings who could not rationalize this correctly and connect the obvious dots would be progs and libiots

Wall St and the big banks OWN the clintons....along with many foreign interests.

Look, if you want to kill America and make it 3rd world asap....vote Hillary.
Click to expand...
Wait, progressives have already made the US a 3rd world country with its immigration policy...so vote Trump while there's still a chance to change things.
 
PeteEU said:
Err where does it say they can donate to Hilary? It specific says they cant and gives the Trump/Pence ticket as an example. Another example would be the Hilary/whoever the other guy is.. or Johnson/who????. More faux outrage from the Trump right I think...
Click to expand...
Adult contextual comprehension doesn't work anymore. Now, we must be all-inclusive and uber-specific lest anybody claim, "But they didn't say Hillary..."
 
EvaPeron said:
WELL THIS SEEMS TOTALLY FAIR - :(.

"The policy change is also meant to minimize potential reputational damage caused by any false perception that the firm is attempting to circumvent pay-to-play rules, particularly given partners' seniority and visibility," the firm wrote in the memo to employees. "All failures to pre-clear political activities as outlined below are taken seriously and violations may result in disciplinary action."

But what Goldman Sachs has not clarified is why top employees are still allowed to financially support Hillary Clinton's Democratic bid. The rule, effective Sept. 1, said "any federal candidate who is a sitting state or local official (e.g., governor running for president or vice president, such as the Trump/Pence ticket, or mayor running for Congress), including their Political Action Committees (PACs)" are not allowed to receive donations from the firm's 467 partners.
Click to expand...

GS has hundreds of millions of dollars out to Donald. This is a prudent move.
 
As an example, the bank’s compliance team pointed to the Trump/Pence campaign as a donation no-go, because Pence is the governor of Indiana, giving him influence over state pensions.

Meanwhile, the new rules at Goldman don’t restrict contributions to Democratic presidential candidate Hillary Clinton, because she currently doesn’t hold office. Her vice presidential candidate Tim Kaine is a U.S. senator, so wouldn’t be subject to the rules either, because he’s not a state or local official.
Click to expand...
Why Goldman Sachs staff can donate to Hillary Clinton but not Donald Trump - MarketWatch

Par for the course on Wall Street, these crooks rarely uphold our values. They are also great practitioners of coming up with bull**** reasons to justify doing what they want to do. This kinda thing is why they are so hated through out this land.
 
I'm sick of employers that think just because you work for them they own you, you should be able to spend your money on anyone you want, they can go F themselves.
 
blaxshep said:
I'm sick of employers that think just because you work for them they own you, you should be able to spend your money on anyone you want, they can go F themselves.
Click to expand...

The partners are not employees. That said GS is just as slimy here as they usually are.
 
Hawkeye10 said:
The partners are not employees. That said GS is just as slimy here as they usually are.
Click to expand...

I hope Trump wins and throws all these pricks out of the cabinet positions they have held for the last 30 years.
 
trouble13 said:
Im not a lawyer but this sounds illegal to me.

Sent from my SM-G920P using Tapatalk
Click to expand...

I'm sure Goldman Sachs has plenty of lawyers on their legal department that made sure they can get away with it legally.
I just called my corporate lawyer daughter and asked and yeah,it's legal.
They can't for local and state,but for Presidential elections,yeah.
 
blaxshep said:
I hope Trump wins and throws all these pricks out of the cabinet positions they have held for the last 30 years.
Click to expand...

Not likely, Trump thinks he can bring them along, tame them, talk them into being less abusive, talk them into being partners in MAKING AMERICA GREAT AGAIN.

I am OK with that, Trump knows how to deal with these assholes.

There will be threats involved to be sure.

I am OK with that too.
 
Verthaine said:
I'm sure Goldman Sachs has plenty of lawyers on their legal department that made sure they can get away with it legally.
I just called my corporate lawyer daughter and asked and yeah,it's legal.
They can't for local and state,but for Presidential elections,yeah.
Click to expand...

Of course it's legal, when you have that kind of wealth you write the laws.
 
blaxshep said:
Of course it's legal, when you have that kind of wealth you write the laws.
Click to expand...

"Those who have the might or the gold makes the rule".
That saying has been around since the dawn of civilization.
Even before that the caveman made leadership based on might and good hunting.

Any attempt to change that has always ultimately failed.
Any one seen the USSR lately?
And even when the USSR was around,the Communist elites lived a whole lot better than the proletarians.
 
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