(ThePatriotSource.com)- Harvey Schwartz, the former president of major investment bank Goldman Sachs, reportedly made a last-ditch effort to help Democratic presidential nominee Joe Biden win the presidency in the election next week. The former investment bank chief gave $100k to the Biden Action Fund last month, according to data from the Federal Election Commission data.
A report from CNBC explains how the Federal Election Commission filing shows Schwartz and a New York Address in one entry, with him listed as “self-employed.” According to records, the donation was processed on October 5, less than one month before the election.
It comes after President Donald Trump speculated in the second and final presidential debate that Joe Biden was taking financial favors from Wall Street that would have to be repaid if he won the presidency.
Schwartz left Goldman Sachs in 2018 after serving as president for over a year. Before that, he was the chief financial officer of the investment bank.
— Just the News (@JustTheNews) October 23, 2020
Biden has been a big recipient of money from Wall Street. His campaign has received several large donations from employees and executives from the investment banking space, including from another former Goldman Sachs executive who made huge profits off the back of the 2008 housing crash.
Donald Mullen Jr. gave $200,000 to the Biden Victory Fund in August. According to New York Magazine, Goldman Sachs execs, including Mullen, made a “massive bet” against the housing market, having predicted the financial crash.
“The bet, now known colloquially as ‘the big short,’ allowed Goldman and its clients (including hedge-fund managers like John Paulson) to avoid losses and make billions of dollars when the housing market collapsed, at the same time that people around the country lost their homes to foreclosure,” the outlet reported.
Joe Biden has so far taken 184 contributions from Goldman Sachs employees and executives in this campaign, while Donald Trump has only taken 41 contributions from the bank.
Which candidate do you think is more likely to owe favors if he wins the election in November?