John McCormick reports at Bloomberg:
President Barack Obama doesn’t plan at this time to give back almost $1 million in campaign contributions from employees of Goldman Sachs Group Inc.
“We make these decisions on a case-by-case basis, and in this case we have not accepted contributions from specific individuals accused of wrongdoing, nor have we advocated for positions that big Wall Street banks generally favor,” Hari Sevugan, a Democratic National Committee spokesman, said in a statement.
Obama, 48, received the contributions in 2007 and 2008 for his White House bid.
Donations from the bank’s employees have become an issue for political candidates from both parties after the Securities and Exchange Commission filed a fraud lawsuit April 16 against Goldman Sachs.
Obama was asked about the contributions in an interview yesterday with CNBC.
“I got a lot of money from a lot of people,” he said. “And the vast majority of the money I got was from small donors all across the country.”
Is it just me or did Obama avoid the question?
Surprised? Neither am I.
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