Goldman-Sachs Showers Money On Democrats

In 2008, Democrats raked in about $4.5 million from Goldman-Sachs. Obama got a cool million himself. And now they're trying to paint Republicans as tools of Wall Street?

In the often-confusing debate on financial regulatory reform, there are many assertions and accusations but few facts. Yet here are two: Washington is awash in Wall Street money, and both Republicans and Democrats are recipients.

Democrats have an edge when it comes to raising funds in lower Manhattan, and particularly from Goldman Sachs, the investment bank being sued by the Securities and Exchange Commission.

The financial sector has given $11.1 million to the Democratic National Committee and its two congressional campaign committees so far this election cycle, compared to $7.3 million for Republicans, according to OpenSecrets.org. Goldman has given about 70 percent of its donations to Democrats this cycle and gave 75 percent of its $6 million in donations to Democrats in the 2008 election.

Read more: http://dailycaller.com/2010/04/20/regulatory-reform-debate-obscures-key-fact-everybodys-getting-money-from-wall-street/#ixzz0le2WIu00