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The White House and Goldman Sachs prepare for "all out war"
The White House and Goldman Sachs, long seen as virtual brothers in arms on financial policy, are now gearing up for what one senior Goldman executive, speaking to political blogger Taegan Goddard, called "all out war." The conflict revolves around the SEC's fraud prosecution of the investment bank, announced last Friday. But that was just an opening salvo. That battle has been rapidly folded into the larger war on Capitol Hill over legislation to reform the financial industry. This Thursday, the president is scheduled to deliver a major address on Wall Street reform at New York's Cooper Union. And the political arm of the Obama White House is clearly looking to leverage the new round of anti-Goldman sentiment triggered by news of the fraud investigation to its own political advantage. Top Contributors to Barack Obama | OpenSecrets Goldman Sachs - $994,795 Posted by: ed 2010-04-19 |
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