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Tuesday, December 13, 2016

Donald Trump’s Goldman Sachs Problem | TIME

"It's a big conflict of interest



President-elect Donald Trump’s business conflicts of interest have dominated much of the post-election media coverage of his transition to the Oval Office. But of all the many potential conflicts between his global business and political interests, there’s one that stands out as a signature problem: Goldman Sachs.



Connections with Goldman Sachs, a global investment bank and financial services firm, creates conflicts for how a president might deal with issues ranging from regulations to taxes. Hillary Clinton received critique during the campaign for receiving speaking fees from the company. And, of course, a Goldman connection was an issue for President Obama’s administration, too: for example, Rahm Emanuel, Obama’s first chief of staff, had been on the company’s payroll, and Gregory Craig, former White House counsel left the administration to work there.



But the conflict would be much more pronounced under Trump."





Donald Trump’s Goldman Sachs Problem | TIME

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