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Wall Street's Political Medicis

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Posted Tuesday, May 30, 2006, at 6:20 PM ET
Most of the money Goldman, Sachs contributes to political campaigns comes from the (very wealthy) individuals who work there, as opposed to company-affiliated political action committees (PACs). "Soft money" contributions (i.e., unregulated money that businesses and individuals can give directly to political parties) were banned by the 2002 election reform law. Until then, though, Goldman Sachs's employees were a reliable source of soft money--even more so than the investment bank itself.
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Posted Tuesday, May 30, 2006, at 6:20 PM ET
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Timothy Noah is a senior writer at Slate.
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