In Minnesota, both parties benefit from Goldman Sachs contributions

By Andy Birkey
Friday, April 23, 2010 at 9:17 am

With Goldman Sachs facing civil fraud charges stemming from misrepresentations of credit default swaps, Republicans and Democrats are attacking each other for accepting campaign contributions before the fraud charges were filed. In Minnesota, four members of the congressional delegation have taken money from Goldman Sachs this election cycle: Sens. Amy Klobuchar and Al Franken, and Reps. Erik Paulsen and Keith Ellison. But over the last few years, many Minnesota Republicans and Democrats have taken from the Goldman Sachs trough.

Campaign contributions from Goldman have become toxic in a contentious campaign cycle that focuses on Wall Street and bailouts.

Since news of the fraud charges last week, Republican Rep. Mark Kirk of Illinois has returned $20,000 he received from the financial company, and Democratic Sen. Blanche Lincoln of Arkansas has vowed not to take any more contributions. Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell have attacked each other for close relationships with Goldman, and Republicans have criticized the nearly $1 million that President Obama accepted while he was a candidate for president.

In Minnesota, Paulsen took $2,000 so far this campaign cycle and Klobuchar has taken $1,000, according to the Center for Responsive Politics. Ellison and Franken have taken a bit less, at $500 and $250, respectively. In the 2008 cycle, former Sen. Norm Coleman was by far the biggest beneficiary, taking in $19,200. That cycle Rep. Collin Peterson took $5,000, Franken took $2,800 and Rep. Michele Bachmann took $500.

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Comments

5 Comments

Pat Needham
Comment posted April 23, 2010 @ 10:01 am

Looks like this is a good argument for the Independence Party of MN… NO PAC monies accepted. Tough to get candidates elected without major media, but integrity is worth far more than “blood money”.


T-Paw Is A Jerk
Comment posted April 23, 2010 @ 2:31 pm

Good for all the DFL’ers that took money from those dirty Republi-thugs at Goldman Sachs. Take everything you can get from them.

And let’s prosecute the GOP members that accepted that dirty money It is obvious that the only thing that was being done here is that their influence was being sold to the highest bidder. Typical Republi-thug actions.


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Pingback posted April 24, 2010 @ 8:17 pm

[...] In Minnesota, both parties benefit from Goldman Sachs contributions Campaign contributions from Goldman have become toxic in a contentious campaign cycle that focuses on Wall Street and bailouts. [...]


Jimmy
Comment posted April 25, 2010 @ 12:11 am

Sorry, TP, just democrites running GS.

Goldman Sachs executives
========================
Mr. Lloyd C. Blankfein (CEO) – democrite. http://en.wikipedia.org/wiki/Lloyd_Blankfein

Gary D. Cohn (COO) – democrite. http://en.wikipedia.org/wiki/Gary_Cohn

David Viniar (CFO) – democrite. http://www.campaignmoney.com/political/contributions/david-viniar.asp?cycle=08

Ruth Simmons (director) – democrite. http://news.google.com/newspapers?nid=2202&dat=20041126&id=uG4lAAAAIBAJ&sjid=SvQFAAAAIBAJ&pg=3918,3044497

John S. Weinberg (vice chairman) – democrite. http://www.city-data.com/elec2/08/elec-GREENWICH-CT-08-part3.html


crohnsguy
Comment posted April 25, 2010 @ 12:45 pm

Nice post Jimmy. I guess “T-Paw” forgot that Obama kept Hank Paulsen around too, who just happened to make a whopping $15 BILLION on the derivatives market. Oh, but he was a Bush appointee. How could that be????!!! Could it be dems and pubs are all corrupt? Yes!


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