Procrustes Stretched
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John Paulson of Goldman Sachs: Republican or Democrat?
We know he gave to both parties, but what party do you think he belongs to?
He gave to both parties, is that cover enough for the GOP?
Are the Republicans "prepared to vote for Wall Street reform next week or not?"
Sen. Reid, is going to "proudly vote to protect consumers instead of the big banks."
Let us hope that the American people judge the Republicans by their effort or lack of one, to protect Wall Street.
We know he gave to both parties, but what party do you think he belongs to?
The allegation, basically, is that John Paulson, a hedge fund mogul who wanted to place a billion-dollar-bet that the housing market would deflate, persuaded Goldman to round up patsies who would bet the other way. Then the transaction was allegedly rigged so that Paulson would almost surely win his wager, which he did. Goldman denies the allegations of fraud and says that, in any event, it lost money on the deal.
Leave aside for the moment whether Goldman's action fell just inside or just outside the line demarcating what was legal. What possible socially redeeming value did the transaction have? How did the concoction of a "synthetic collateralized debt obligation" benefit anyone except the lavishly compensated traders at Goldman and the outrageously compensated John Paulson? Is this a system the rest of us could possibly trust?
Goldman figure Paulson hosted Romney, Steele last week - Ben Smith: Goldman figure Paulson hosted Romney, Steele last week
April 19, 2010
Goldman figure Paulson hosted Romney, Steele last week
Republicans Mitt Romney and Michael Steele headlined a Republican National Committee fundraiser six days ago at the home of the hedge fund titan at the center of the Security and Exchange Committee's fraud charges against Goldman Sachs.
A spokesman for the RNC confirmed the Tuesday evening event at the Manhattan home of John Paulson...
...The RNC spokesman declined to comment on the gathering and a Romney spokesman didn't respond to an email on the topic.
Republicans have by and large fought regulations on derivative trading that would dramatically impact the businesses of hedge fund managers like Paulson.
Goldman figure Paulson hosted Romney, Steele last week - Ben Smith - POLITICO.com
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Paulson has also given thousands to Republicans and supported several GOP candidates for president in the 2008 election cycle.
...
Paulson has poured tens of thousands into Republican coffers.
He gave $28,500 to the Republican National Committee in 2008, raising him to the level as major donor. He also gave $4,600 to Sen. John McCains (R-Ariz.) 2008 presidential campaign, as well as separate $2,437 checks to the Republican Parties of Minnesota, New Mexico, Colorado and Wisconsin.
These states were expected to be presidential battlegrounds when he made the contributions in the late spring of 2008.
...
Paulson also supported two other Republican candidates for president that cycle.
He gave $2,300 to Rudy Giulianis presidential campaign and $2,300 to Mitt Romneys presidential campaign in 2007.
He gave $5,000 to House Republican Whip Eric Cantor's (R-Va.) leadership PAC in 2009 and a $1,000 contribution to Republican Rep. Virginia Foxx (N.C.) in 2008.
Hedge fund manager in Goldman Sachs case is major Democratic donor - The Hill's On The Money
He gave to both parties, is that cover enough for the GOP?
Are the Republicans "prepared to vote for Wall Street reform next week or not?"
Sen. Reid, is going to "proudly vote to protect consumers instead of the big banks."
Let us hope that the American people judge the Republicans by their effort or lack of one, to protect Wall Street.