The Activists Editorial Collective | Reader Supported News | January 25 2012

OPINION | Goldman Sachs has heeded the advice of a political statement attributed to Law professor William Black, “the highest return on assets is always a political contribution.” It is widely known that Goldman Sachs dictates legislation, oversight and enforcement upon the United States economy; simultaneously preforming the roles of the SEC, Congress as well as the Federal Reserve. In 2009 Goldman Sachs had the most profitable year in its history, and this post-crisis record was available because of the charter set up by Henry Paulson (the Treasure Secretary that was previously CEO of the bank the legislation is bailing out) and Timothy Geithner. Both names ring synonymous with Goldman Sachs even though the latter has never been directly employed in the banking industry. The recognition of Goldman Sachs influence on the Executive Branch is found in Michelle Malkin’s April 2010 article, “All the President’s Goldman Sachs Men.” The article illuminates Goldman’s cozy relationship with the Obama Administration noting his financial strategists consist of Larry Summers, Timothy Geithner, Gary Gensler and Mark Patterson.

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