A revealing and detailed audit of “Clinton Inc.,” which has raised more than $1 Billion from U.S. firms and executives since Bill and Hillary Clinton left the White House in 2001, shows that Wall Street giant Goldman Sachs has been the biggest contributor at nearly $5 million -- and even office space.
The analysis by the Wall Street Journal suggested that the firm, which turned on President Obama in his reelection campaign for targeting financial industries, is likely to be a major donor to Hillary Clinton's likely 2016 campaign, raising issues of crony capitalism and the type of paybacks and favoritism populists looking for a Clinton alternative are worried about.
The Journal teamed with the Center for Responsive Politics to determine the size of the Clinton bank vault based on public documents and disclosure forms
They found that financial industries have been the top donor to the Clintons, either directly to their foundation, offering fat speech fees and through contributions from Wall Street executives.
And of those, Goldman Sachs was king.
“Financial services, including Wall Street, have been one of the single largest sources of money for the Clintons since the 1992 presidential campaign. Goldman Sachs Group Inc. has been the couple's No. 1 Wall Street contributor, giving nearly $5 million,” said the report.
“Such firms as Goldman Sachs, Citigroup Inc. and J.P. Morgan Chase & Co. have funneled at least $208 million into the Clintons' accounts since 1992 and the DNC when Mr. Clinton was president, “ added the report.
“The financial sector has paid Mr. Clinton $23 million for speeches since he left office, financial disclosure statements show, including $1.35 million from Goldman Sachs for eight speeches. The Clintons met with donors last month at the investment banking firm's New York office. The family's foundation once subleased office space from Goldman in Manhattan,” the Journal said, in showing just how much the former first family depends on Goldman Sachs.Paul Bedard, the Washington Examiner's "Washington Secrets" columnist, can be contacted at firstname.lastname@example.org.