Follow the Money

Goldman’s Political Payouts

Goldman Sachs is on the hook for more than potential fraud—its political action committee donated $167,500 to Republican candidates and organizations and $123,000 to Democrats in March, Politico reports. The total sum for March—about $300,000—is more than the firm gave to political campaigns in all of 2009, and comes ahead of Congress' bid to reform Wall Street. Legislators intimately bound up in the upcoming reform bill received money, including $5,000 each to Senate Majority Leader Harry Reid of Nevada, who is leading the reformist charge, and to the PAC of Alabama Representative Spencer Bachus, top Republican on the House Financial Services committee.