Now for a new segment that we’re calling, “Of Course.” And you’ll see why in a second. Goldman Sachs has just snagged another Washington insider, former Senator Judd Gregg. Now this move should not surprise anyone because that’s how the system works. You do favors for Goldman Sachs when you are in office, and they do favors for you when you get out.
Senator Gregg was an outspoken critic of Obama’s adminstration’s effort to tighten oversight of the financial industry. Gee, I wonder why. He wanted to let investment banks like Goldman Sachs take bigger risks to make bigger profits.
Did Gregg care how this might endanger the American economy as it did in 2008? Of course not. He just wants to get paid, son. Paid by the same industry that contributed close to $1.1 million to his campaigns during his career.
This revolving door between government officials and Goldman Sachs is why they call the company, Government Sachs.
So when I saw that the man who fought tooth and nail to protect the banks while in the Senate was about to get paid a huge sum of money by Goldman Sachs, I thought, OF COURSE!
Transcribed by the Barefoot Accountant of Accountants CPA Hartford, Connecticut, LLC.
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