Given recent charges of fraud, Goldman Sachs has taken a good amount of abuse from politicians lately. Many members of Congress are eager to denounce the corporate culture of greed at Goldman Sachs, and demand accountability.
Yesterday, for example, Republican Congressman Cliff Stearns took to the floor of the House of Representatives to deliver angry warnings to Goldman Sachs, saying, “If Goldman Sachs truly has regret for participating in activities leading up to the financial crisis that were ‘clearly wrong’ as their CEO has said and apologized, then Goldman Sachs should step up to the plate and make reparations that are owed to American taxpayers.”
Despite such statements, some members of Congress have been eager to take their share of the allegedly ill gotten gains of Goldman Sachs. The following are the top 5 recipients of money from the Goldman Sachs Group Incorporated Political Action Committee for the current congressional campaign cycle, listed in order of the amount of money received:
U.S. Senate Candidates:
Kirsten Gillibrand
Blanche Lincoln
Mike Crapo
Robert Bennett
Paul Hodes
U.S. House of Representatives Candidates:
Mike McMahon
Walt Minnick
Steny Hoyer
Melissa Bean
Peter Roskam
Given the allegedly fraudulent nature of the source of Goldman Sachs money, are these members of Congress ethically obligated to return these Goldman Sachs PAC donations, or should the donations be kept? Should politicians wait until Goldman Sachs is found guilty of the fraud charges in a court of law, or is the allegation of fraud sufficient?


May I offer you a couple of different tweet-views on the Goldman Sachs affaire!
Goldman’s ABACUS 2007-AC1: The whole truth and nothing but the inconvenient truth! http://bit.ly/acaRfo
The lover’s spat between Goldman Sachs and “sophisticated investors” is not the real problem! http://bit.ly/95stIo
And now, is it time for some “Razzle dazzle ‘em” http://bit.ly/b5b5ob
We can’t shame enough the irresponsible silent experts and the plain lousy regulators http://bit.ly/aXSYyu
PK, thank you for reminding me what I don’t like about Twitter. It looks and acts like cut-and-paste spam, with a rude and incoherent way of not following good conversational habits. Darn it, I’ve gone over 140 characters. Have I lost your attention?
i don’t know what they should do, but, i got an idea what they will do.
take the money and run.