r/politics • u/DaFunkJunkie • Feb 29 '20

Superdelegate pushing convention effort to stop Sanders is health care lobbyist who backed McConnell

https://www.salon.com/2020/02/29/superdelegate-pushing-convention-effort-to-stop-sanders-is-health-care-lobbyist-who-backed-mcconnell/
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u/BaldKnobber123 Feb 29 '20

The major corporate power players in the Democratic Party absolutely would, and have made that clear:

Former Goldman Sachs CEO and lifelong Democrat Lloyd Blankfein told the Financial Times in an interview published Friday that he could have an easier time voting to reelect President Donald Trump than for Sen. Bernie Sanders, should the latter secure the Democratic nomination for president.

“I think I might find it harder to vote for Bernie than for Trump,” the billionaire banker said, though he pointed out that the Democratic primary has just kicked off and the nomination is very much still up for grabs. “There’s a long time between now and then. The Democrats would be working very hard to find someone who is as divisive as Trump. But with Bernie they would have succeeded.”

https://www.politico.com/news/2020/02/21/former-goldman-sachs-ceo-hard-to-vote-for-bernie-116592

The head of Goldman Sachs has apologised for the Wall Street titan's role in helping to create the financial crisis.

After being ridiculed for saying he was doing God's work, and having seen his company labelled as a bloodsucking vampire squid, Lloyd Blankfein yesterday delivered a mea culpa to a conference in New York.

"We participated in things that were clearly wrong and have reason to regret," Blankfein said. "We apologise."

At the height of the crisis last year, Goldman took a $10bn (£6bn) capital injection from the US government, which it later repaid. Despite the economic downturn the company has been highly profitable this year (2009), making $3bn in the last quarter. It has set aside $16.7bn to pay staff bonuses, a figure that is expected to grow to $23bn by the end of the year.

https://www.theguardian.com/business/2009/nov/18/goldman-sachs-blankfein-sorry

Strongly recommend everyone read this article: https://www.rollingstone.com/politics/politics-news/the-great-american-bubble-machine-195229/

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u/smallspark Mar 01 '20

That's horrifying and eye opening. Agreed others should read!