We’ve see a lot of guys come and go through North Carolina politics with a nose for making-money WHILE “serving the people.” But Thom Tillis rises to the top at trolling for cash.
Apparently, his cash radar has pinged mega-donor and ultra influence peddler Goldman Sachs. OL’ Thom twisted himself into a pretzel at a recent hearing to praise Goldman Sachs as, get this, a champion of “the little guy”:
”[…]I feel like sometimes I’m living in a reality TV version of Atlas Shrugged. There are a lot of people in this Congress that want to just beat down job creators and employers. And I just decided just on the fly — and I’m glad my staff’s able to respond to my random request — but just take a look at Goldman Sachs. People want to demonize Goldman Sachs. That’s an easy thing to do, right? Just beat up on a financial services institution. An institution that’s committed to — let me look at the general numbers here — they have 36,500 employees. There’s probably a lot of little guys in there. They’ve contributed billions of dollars to nonprofits. They’ve got a commitment to producing 150 billion — am I right? — between now and 2025, that are either capital formation for nonprofits or directly into nonprofits. Demonizing employers that employ the little guy isn’t looking out for the little guy.”[…]
In 2016, Goldman Sachs admitted to defrauding its investors during the 2008 financial crisis that wiped out a lot of “little guys” 401Ks and foreclosed on a lot of houses owned by “little guys.” A whole lot of folks who have studied the 2008 financial mess closely see Goldman Sachs as having been a major catalyst to that crisis — thanks to their handling of the notorious mortgage-backed securities.
Of course, they had a whole lot of help from crooked politicians and government bureaucrats. (But that is a whole other set of posts.) Goldman Sachs used federal bailout money from said financial crisis to award employee bonuses.
And the non-profits they fund? Goldman Sachs leaders have had close ties to ACORN and George Soros. And Goldman Sachs HAS developed quite the reputation as “the left’s favorite bank.”
There’s little noble about Goldman Sachs. They don’t produce anything. And they thrive off of influence peddling and crony capitalism. Their execs move back and forth between government and Wall Street, and fill a lot of pockets of a lot of politicians. (That’s the angle that has caught Thom’s eye.)