AFR Statement: New Report on Goldman Sachs and the Trump Administration


Oct. 6, 2017

Carter Dougherty
(202) 251-6700

New AFR Report on Goldman Sachs and the Trump Administration

Americans for Financial Reform today released a new report highlighting the new “Golden Age” of Goldman Sachs that has come in Washington.

The New York investment bank has had other periods in the sun, but never before have its priorities been so hardwired into an administration in Washington. The report details Goldman’s interests in areas of public policy including:

  • Dismantling the Dodd-Frank Wall Street reform law
  • Obtaining a large tax cut for big banks
  • Ensuring that Wall Street benefits from any infrastructure plan

“Goldman Sachs has made plenty of money in the past thanks to lax oversight and political patronage, but for sheer audacity it’s hard to match what the Trump administration has given this New York investment bank: the posts of chief White House economic adviser and Treasury secretary,” said Marcus Stanley, AFR’s policy director. “And Goldman’s alumni have hit the ground running, promoting an agenda of deregulation, privatization and tax cuts that would have made previous generations of investment bankers blush.”