Outrageous Goldman Sachs Bans Contributions to Trump, Not Hillary: Report
Goldman Sachs reportedly banned some of its high-ranking partners from donating money to Donald Trump's presidential campaign, but not Hillary Clinton's.
According to a memo, the policy prohibits "contributions to candidates running for state and local offices, as well as sitting state and local officials running for federal office" - meaning donations to Trump would be prohibited due to running mate Mike Pence being the sitting governor of Indiana.
Fortune magazine said it obtained a copy of the memo in which Goldman explicitly mentions the Trump-Pence campaign as falling under the new ban.
Among the type of donations that are banned, according to the memo, are, “Any federal candidate who is a sitting state or local official (e.g., governor running for president or vice president, such as the Trump/Pence ticket, or mayor running for Congress), including their Political Action Committees (PACs).”
But the rule apparently doesn't limit contributions to Clinton-Kaine, since neither are state or local officials. As a U.S. senator representing Virginia, Tim Kaine is a federal official.
The company said the policy was meant to prevent “inadvertently violating pay-to-play rules, particularly the look-back provision.”