John Paulson of Goldman Sachs: Republican or Democrat?

[CrusaderFrank]

His religion and political party is money, that's all that matters.

 

[Dr Gregg]

How do you force people to be honest through regulation?

For real? that's the only way to force people to be honest, threat of punishment. Many good people don't need that, but there are bad apples in every group, and if not regulated, would do harm to the public. History of this country has shown the bad and damaging things businesses have done to harm the public. Prior to FDA regulations, food was often tainted and filthy, many people died from it. Drugs were not tested and shown to work, no standards of manufacturing in place to ensure each batch is equivalent, and no requirement of labels saying what is actually in something. They would make claims that their product did something it was never shown to do. And on top of it it was often times toxic and killed many people

Prior to EPA regulations, companies would pollute with toxic waste since there was no regulations against it and it was cheaper than responsibly taking care of it.

Even today we see business with unethical practices damaging and screwing over people.

 

[eagleseven]

The more salient question is "Who forces the regulators to be honest?"

When corruption reaches the highest level of government (Federal), such that the corrupt can enact laws legalizing their corruption, how do you stop that?


Historically, the only way a corrupt government can be stopped is through collapse or revolution.

 

[Dr Gregg]

The more salient question is "Who forces the regulators to be honest?"

When corruption reaches the highest level of government (Federal), such that the corrupt can enact laws legalizing their corruption, how do you stop that?


Historically, the only way a corrupt government can be stopped is through collapse or revolution.

I think it gets overblown, the government corruption thing. Not saying there is not corruption,but doubt its as widespread as many want to believe. Many think everything the gov't does involves corruption

Usually the truth comes out in the long term even if there is gov't corruption involved

 

[Procrustes Stretched]

The more salient question is "Who forces the regulators to be honest?"

When corruption reaches the highest level of government (Federal), such that the corrupt can enact laws legalizing their corruption, how do you stop that?


Historically, the only way a corrupt government can be stopped is through collapse or revolution.

No the question is what party told regulators to lay off.

 

[Toro]

John Paulson doesn't work for Goldman Sachs. He is the principal in his hedge fund, Paulson & Co.

 

[Old Rocks]

John Paulson supports John Paulson. He's neither a Democrat or a Republican. Anyone who thinks otherwise is an idiot. He doesn't give a shit, like most of his counterparts. And that some of you don't get that is hysterically funny.

And given the results of his mechanizations, the totality of his assets should be seized, and used to ameliorate the damage. Probably no legal way to do this, but that is what should happen. A lesson to him and any that would do the same.

 

[Polk]

The difference between political donations by the wealthy and by average people. Average people give because they believe in a candidate. The wealthy give to both sides so they're assured access.

 

[California Girl]

Just for the sheer crack of it.... anyone want to guess how many ex Goldman Sachs employees work for the Obama Administration?

 

[momonkey]

John Paulson of Goldman Sachs: Republican or Democrat?

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 McCain’s (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 Giuliani’s presidential campaign and $2,300 to Mitt Romney’s 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.

Or they could just read this...


Goldman Sachs: Summary | OpenSecrets

Goldman Sachs: Recipients | OpenSecrets

 

[California Girl]

If you want to nitpick, Dante...

Is Goldman Obama's Enron? No, it's worse (Updated) | Washington Examiner

...Goldman Sachs gave Obama 7 times what Enron gave Bush.

Are you surprised that a Goldman Sachs employee is our Treasury Secretary?

---

There goes the narrative!

Dainty is the perfect example of a stupid person who is also..... well.... stupid.

 

[Douger]

Neither. He's a Nazi.

 

[Polk]

Just for the sheer crack of it.... anyone want to guess how many ex Goldman Sachs employees work for the Obama Administration?

And the previous president's treasury secretary was a former CEO of Goldman Sachs. This isn't really a partisan issue.

 

[CrusaderFrank]

Just for the sheer crack of it.... anyone want to guess how many ex Goldman Sachs employees work for the Obama Administration?

And the previous president's treasury secretary was a former CEO of Goldman Sachs. This isn't really a partisan issue.

Right. Bush should have had more Enron people on his staff, that was the problem

Great fucking "FDR is Great and LBJ Luvs his Negroes" upsidedown Librul Logic

 

[Polk]

Just for the sheer crack of it.... anyone want to guess how many ex Goldman Sachs employees work for the Obama Administration?

And the previous president's treasury secretary was a former CEO of Goldman Sachs. This isn't really a partisan issue.

Right. Bush should have had more Enron people on his staff, that was the problem

Great fucking "FDR is Great and LBJ Luvs his Negroes" upsidedown Librul Logic

Did I say it's a good thing? Frankly, I'd prefer we reduce the absurd amount of influence these individuals can have over the political process. You, on the other hand, think the only problem is that Goldman Sachs can't just go ahead and put every member of Congress on payroll.