Invested Interest


Invested Interest

At Goldman Sachs, he calculates political dividends.

by Rachel Burstein

#38 Jon S. Corzine, 50, Summit, N.J. Party: Both. $251,750 total contributions.

View Corzine’s itemized contributions.

Jon Corzine heads Goldman Sachs, the richest Wall Street investment partnership. Corzine makes large DNC contributions, but other Goldman executives and the firm’s PAC also gave heavily last year to the GOP.

That’s because Congress is again eyeing the Glass-Steagall Act, a 1933 law designed to protect consumers by separating commercial from investment banking. Goldman wants barriers removed that prevent it from offering banking and insurance services. The administration, led by Treasury Secretary Robert Rubin (Corzine’s predecessor at Goldman), promises to support liberal banking reform. But Glass-Steagall supporters fear deregulation will mean consumers get peddled financial services they don’t need, and that commercial banks will engage in riskier speculation that might threaten their solvency.

Next Profile | MoJo 400 Central

 

The 400 List:

Browse
The full Mother Jones 400 list.

Profiles
Meet the people with political pull.

 

Searches:

Individuals
Search the top 400 political donors by name, industry, state, or contribution amount.

Itemized Contributions
The details of every donation, searchable by donor, recipient, date, amount, and more.

 

Discuss:

Money & Politics
Is campaign finance reform the way to a better government?

    Members like you

    Mother Jones is a nonprofit, and stories like this are made possible by readers like you. or to help fund independent journalism.