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:
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?