Of Course! Senator Bought by Goldman Sachs. Cenk Uygur MSNBC TV Video and Transcript May 31, 2011.

Former Senator Judd GreggNow 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.

Campaign Contributions to Judd Gregg from Financial IndustryDid 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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William Brighenti is a Certified Public Accountant, Certified QuickBooks ProAdvisor, and Certified Business Valuation Analyst. Bill began his career in public accounting in 1979. Since then he has worked at various public accounting firms throughout Connecticut. Bill received a Master of Science in Professional Accounting degree from the University of Hartford, after attending the University of Connecticut and Central Connecticut State University for his Bachelor of Arts and Master of Arts degrees. He subsequently attended Purdue University for doctoral studies in Accounting and Quantitative Methods in Business. Bill has instructed graduate and undergraduate courses in Accounting, Auditing, and other subjects at the University of Hartford, Central Connecticut State University, Hartford State Technical College, and Purdue University. He also taught GMAT and CPA Exam Review Classes at the Stanley H. Kaplan Educational Center and at Person-Wolinsky, and is certified to teach trade-related subjects at Connecticut Vocational Technical Schools. His articles on tax and accounting have been published in several professional journals throughout the country as well as on several accounting websites. William was born and raised in New Britain, Connecticut, and served on the City's Board of Finance and Taxation as well as its City Plan Commission. In addition to the blog, Accounting and Taxes Simplified, Bill writes a blog, "The Barefoot Accountant", for the Accounting Web, a Sift Media publication.
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