Good Behavior

Goldman Pledges No Campaign Spending

We guess they have better things to invest in: Goldman Sachs has announced that it will not spend any money on the 2010 elections, even though the Supreme Court’s recent Citizens United decision allows corporations to spend unlimited funds. “Goldman Sachs also does not spend corporate funds directly on electioneering communications,” the investment bank said in an online statement. The company was apparently swayed, in part, by the efforts of New York City public advocate Bill de Blasio, who said, "This could be one of those moments that determines whether we are going to have a political system literally dominated by corporate money, or some ability by the people at the grass roots to determine the outcome of elections.”