Goldman Sachs paid $12 million to the Securities and Exchange Commission, and $4 million to the state of Massachusetts, in response to charges that a former banker in its Boston office worked daily for the 2010 gubernatorial campaign of former Massachusetts treasurer Tim Cahill while winning bond underwriting business in the state.
Goldman Sachs’ new policy only perpetuates the argument that Hillary Clinton is the preferred candidate of Wall Street. Clinton earned nearly $675,000 in speaking fees from Goldman Sachs and has refused to publicly release transcripts of those speeches.
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